Anyone notice an obvoius trend in the chart for the past year? Right around quarterly earnings report dates (approx. May 20th next earnings report), this stock rallies to new highs peaking approximately 6 weeks later. Then, the stock tapers and broadens a little until next earnings report, in which case the pattern repeats again. With this observation, right now it seems a great value to be buying at this price at just over $35/share. This stock will probably rally to mid 40's by 2nd week of July. BKS has been posting consistently solid earnings, making the chart that much more predictable.
I invested in BKS last fall when slammed down by the Asian mess. It proved to be a good entry point for this stock. I am now looking for another entry point.
I chart and do TA work regularly on my stocks and your posting caught my eye. Your observations show good insight. Are you interested in learning technical analysis? I am starting to work on the daily, weekly and monthly charts and there respective indicators for a read on BKS for an entry point.
What are your thoughts on the stock direction from this point to earnings and beyond?
Does anyone know if there is a bulletin board where people can request stores to be built? or if B&N has a listing of announced new stores? Books-a-million is coming to my town...but I really want a B&N. Any idea how to get the corporate folks attention?