First, I am Very surprised with no deal made on the fiscal cliff & Senate sent home, US futures are up in Asia!
I'm thinking when major retailers such as Macy's etc report December sales this week this will give us a clearer picture who was more accurate MA or NRF.
A fiscall cliff deal will most certainly help the market.
We do NOT need any pre-guidance announcement at all. Was anyone here last year for the Q3 '11 earnings?? No pre-guidance & eps estimates was at .09 & we blew the door open with .20 eps & in those 3 months we went up from 20-50 without guidance. Then the SPO's came for Q 4 '11 & Q 2 '12 & then we saw this pre-guidance, NOT to help the shareholders who own this stock but to the insiders to get the biggest buck selling.
There was no pre- guidance for Q1 ending in June & the stock exploded when earnings were announced.
I am willing to wait till early Febuary & next week when major retailers disclose their comps.
I see no reason for pre-guidance especially when mgmt gave conservative guidance, let earnings be more explosive with no news coming out, IMO.
rich like you , i am very bullish .. on this stock -- i am well aware of the fundamentals
very solid .. but i like see how they are progressing we need a hint .. maybe like you said
this week from NRF .. this stock need boost now .. it's languish for for 4 months now
which seem liitle prolonged knowing the postive last q