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Tuesday Morning Corporation Message Board

  • bestpetsgoods bestpetsgoods Dec 23, 2013 8:55 AM Flag

    I wouldn't short again until after 1/20 CC

    TUES will show a profit somewhere between .30 and .40 this quarter which will be hugely significant for them as it will be the first in many quarters and the first since the CEOs turnaround efforts. Is there room over the $15 dollar mark given one good quarter probably yes but not sustainably. I would play the volatility leading into 1/20 and sell on a pop. The stock will normalize soon thereafter at which point I would add to any long position. My model shows a return to the red in the following quarter with their strongest possible performance leading them to a loss of .02 for the year this year.. a huge gain over last year. My entry point two months ago was $11 I would start to get out past $16 on the way to $17 and buy again at any point between $14.40 and $13.30.

    Sentiment: Buy

5.71-0.09(-1.55%)10:11 AMEDT