Why is ANF up despite bad outlook and reducted estimates?? Funds and institutions of course.....
There is NOTHING good in Abercrombie's future and nothing will change until they buy out the crazy CEO for his 100 million dollar exit package. They have reduced projections yet again and the stores are EMPTY despite 70% off signs in the windows. So why is Abercrombie up 8% in one week???? Two words and two crooks.....Institutions and hedge funds are trading it up.....and Fidelity and Vanguard lead the way. Understand that institutions and hedge funds control many stocks since the retail investor disappeared over the last two years. Fid controls 10 million ANF and Van has over 7 million shares of this terrible stock. That is over 23% of all the shares of ANF. There should be limits to how much funds and institutions can own a company because the only reason they have these large position in single companies is so they can control the bid and ask and the stock price. These rich funds can pay the press to print exactly what they tell them and this is the case with ANF. You do not hear any of the really bad news that is out there for this has been brand. You see this run up all the time on companies that are majority held by funds and institutions.
Why are you arguing about prices when a bunch of money lenders are getting no interest rate loans backed by your labor to drive prices up?
You need to look at the history of debt ridden South America to find out why a pile of criminals loading you up with debt and accumulating their holdings of physical assets. The American middle class is being turned into the equivalent of the slaves in the South: Sharecroppers who can never repay the debt to their masters. You are all #iggers now. Now thank the banking system jews running your country for not cutting back your food stamps.
There is NOTHING good in Abercrombie's future and nothing will change until they buy out the crazy CEO for his 100 million dollar exit package.
Without Jeffries there is just isn't much there. A owning Abercrombie has always been a bet on Jeffries, for better or worse. If you don't like Mike, the thing to do is not own the stock, or to short it.