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Tuesday Morning Corporation Message Board

  • longtimefollower longtimefollower Jan 4, 2014 10:20 AM Flag

    Sell NOW, longs....and lock in those gains!

    Don't let it drop to $11 or $12 on you, on the disappointing holiday results that the market is already getting an inkling of.

    The time for action is NOW. Momentum is broken. The silly "buyout" article was, very logically, the there were no more buyers, after that point.

    That other fund that bought all those shares from Becker Drapkin is going to have a huge amount of egg on their face. They are also going to want to GET OUT of the stock.

    It is going to be extremely painful for longs. The pendulum swings in both directions.

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    • Pleading with longs to sell ?

      Id be more worried about a short squeeze where you have to cover.

      $10-11 wont kill me. Then again, I don't have 3% of my portfolio betting against a guy with a fantastic track record.

      I can see why that's bothersome for you.

      • 2 Replies to smaycs4
      • I wouldn't be short 3% of my portfolio, if it were "bothersome." Your fabricated "emotion" of mine is sctually mirthful. Fair value is ABSOLUTELY no higher than $10-11...and more realistically $8-9....especially after January 24th. Longs need to take a hard nosed look at the near term risk/ reward. Rouleau couldn't POSSIBLY have turned around the "ship of state" on a dime, in terms of the company's merchandising.

        By the way, I was in a Homegoods, over the xmas holiday, and i agree that that store is fantastic, lively, and vibrant...and is only going to create more problems for TUES. (They are being "eaten" on all sides!)

        Sentiment: Strong Sell

      • Still betting on the guy and not the fundamentals?

        Sentiment: Strong Sell

5.85-0.10(-1.68%)Oct 20 4:00 PMEDT