Shorted at $34.14. Wish I had gotten it higher, but this should tank at least a couple points tomorrow if history is any indication. It spiked on February 13th by a couple dollars plus only to give most of it away in a few days. I didn't see any shocking news that would warrant an 18% increase in BOBE.
You are probably right. Looks like a knee jerk reaction - stock up $5 mostly due to a lot of short covering. Earnings were not all that good - revenue growth downright poor - earnings per share up because fewer shares outstanding from buyback and they sold off some property. I think when people take a closer look at the numbers, they will have second thoughts. It took a lot of cash to buy back those shares. I don't see much upside from here and think a retracement is likely just like back in November. I'm not shorting this stock because of the high short interest on it, but I think you have the right side.
I don't think so. Sure some shorts bailed today. So maybe they push it to $35 even $36, but for how long? Back under $30 before you know it. If it does go higher though I'd be happy to double my short position.