This company missed earnings last quarter due to a merger tax write-off. i believe they continue the trend and beat. have any department store retailers missed earnings yet? 70% of the S&P has missed. 15% off highs. How much lower can it go? There is definitely more upside than downside.
this could be a lovely bear trap in the making. 10% surge on earnings date.
my fault. meant to write, 70% of S&P has beat earnings. think about this one logically. 15% off highs. No department store retailers have missed. 70% of S&P has beat. do you really think there is more downside risk than upside risk?
the only thing that appears "amaturish" on this board is you and your buddies great spelling/typing skills.
So you're telling me that SHLD beating earnings is already priced into the stock? LOL! I would argue that the market is pricing in an earnings miss. But we will see if you are right when you cover your short on 10/8.