I wouldn't doubt it. With all the free money and cheap borrowing share buybacks is drawing the prices up on alot of stocks. I have noticed that "Bad News" is "Good News" on Wall Street. To short anything is like catching a falling a knife.
On their earnings call an analyst asked why they didnt buy any stock back in the second quarter, implying the stock price was too why (overvalued) and the execs' response was basically that - they said we have a range that we will purchase our stock in and it is not in that range... the range in the 2nd quarter was from 17.50 - 25.... so the execs of h&r dont even think the company is a value over $17.50...
i couldnt agree more - it looked like it was finally going to reverse today with the news that the tax preparer itself could properly file taxes! But then some big fund hits the bug green buy button and 550k, 200k, and 50k lots are purchased drving it back up... it wil reverse when the $25 april calls are sold or expire - until then stay on the sidelines as the manipulaters contine to drive this overvalued stock up...
April 25 call expire - what date is that? Also are you also waiting for the HRB ex div date March 18?
This then with the historical April PPS decrease should provide the perfect short storm.
ps - this has been "overbought" for about 3 weeks but market says buy buy ha!