Why are we up 7% when they guide lower. Short this pig now.
Why? because you don't have any share on hand.
At a conservative 15x next years earnings you get a mid-teens price. I would not want to be short.
You must be one of the many trapped shorts? Tough luck. It's going to be tough to cover without pushing her higher. Sellers have been washed out of this stock for weeks. You're screwed.
Now here's a decent company.
Clearly. I think what happened today was very enlightening. Buy on the (negative) news?! The price and volume action suggests some short(s) out there wants badly to cover. The next six months should be profitable for the longs. Good luck to all.
I would not short. This stock will be up to high teens near X-mas. Cache always does good business from Oct to April after hurricane season closer to winter when party-time begins.