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Pep Boys - Manny, Moe & Jack Message Board

  • daninfw04 daninfw04 Sep 4, 2013 9:48 AM Flag


    Just FYI Shorthigh but I changed my mind after watching PBY last week or so very closely. Started buying at $10.97 to $11.20 with average cost of $11.10 on small block of 30,000 PBY........I'm a contrarian and can't remember last time PBY beat expect. I'm betting they will surprise to upside this quarter. I still think they will miss revenue expect but beat on EPS. DaninFW

    Sentiment: Strong Buy

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    • daninfw04: I'm glad you turned bullish,,,that certainly makes me feel more confident about my position....You own 30,000 shares at $11.10? that is a sizeable position... will you buy more if it keeps rallying? what is your exit strategy or price objective? Keep up the good work and thanks for your valuable feedback as always, best

      • 1 Reply to shorthighcoverlower
      • As a trader I almost sold today for a 50 cent move at $11.60 if it had strong support which it didn't. Real strong support around $11.48-$11.52 today. A few minutes before the close someone put in order for 25,000 at $11.44.......I actually bought looking at selling between now and Monday if it pops $1 or so......earnings out after close Monday. Usually PBY is strong going into earnings and drops afterwards. If they can beat EPS we could see a change. Hard not to take 10% profit in less than a week. I won't buy more unless it drops to low 10's........DaninFW