In what mall was that? In two malls I visited, one in the midwest and one in the northeast, there were a couple of clerks and no customers. I'm not short KORS, but I used the opportunity to exit because, especially in this market and what I saw at malls, I don't want to be long KORS going into earnings next week. What malls did the MS analyst visit?
Now I see why KORS was as strong as it was today.
I don't have a position in PNRA (though I did a couple of years ago) and I'm not planning to go long or short at least not this week. My question regarding the weather excuse is whether hourly employees who couldn't show up were paid and if some hourly employees wanting to come in were told not to come in.
What I'm getting at is that weather conditions affect business every quarter. Sometimes, weather, travelling, etc. is good for a food stock and sometimes it isn't.
It's hard to tell if targets revised upward or downward are based on issues other than the weather.
I think the offerings have changed for the worse between a few years ago and when I was last at a Panera a few months ago. Maybe it's personal, but soups I liked there a few years ago and a meal size salad that was my favorite a few years ago has already become inferior to the prior product. My experience isn't the issue, but the drop in business (which institutions likely hoping to sell their position as high as possible blame on the weather) matters, IMHO. The most recent time I went to a casual dining place during a snowstorm it wasn't a Panera (and it wasn't the restaurant most loved on Wall Street either).
That time and wheat prices don't mean anything to PNRA's price now. IMHO it's about customers, revenues, costs, and earnings. I don't have a position now, but it is tempting to short PNRA. Since today is Friday, I may decide to wait and re-evaluate next week. It is tempting though. I just took profits on a SBUX short (via puts) because it seems to be around the bottom of it's recent range, but haven't taken a position in PNRA.
Even a negative "article" that questions CRM's price after what is posted as a .39 loss gave a positive spin by not multiplying .39 by 4 when comparing that result to the 12 month prior quarterly report. I won't reply to digs about me or my post, but I wanted to share this comment and would appreciate seeing the comments of posters such as Tahoe_kj, and posters with such names similar to Nantucket, etc.. This has been a very good week, so far, including trading CRM puts and now have taken profits in CELG puts, a stock a pumper here criticized me for taking.
Skip the slander accusations. Do a little math, such as division (regarding the % of shares shorted, which is solidly under 10%) and multiplication (regarding a 39 cents per share loss compared to a year ago when there was a 4 to 1 split after the comparable quarter last year). This is besides any dilution due to the addition of more shares for other reasons.
41% of what. The lower the percent, the less 41% of it is. Besides, GAAP earnings would be impressive, but it appears that you are referring to so called "growth" without earnings this year or next. Even CRM's CEO admitted he didn't expect earnings this year or next. I think his comment included 2017, as well as FY 2015 and FW 2016.
This is not personal. I'm out of most of my position and would benefit from a bounce to reload, so a bounce at the open would be welcome (though hardly likely since CRM has just about rallied into resistance.)
The class action suit wouldn't be against retail shorts or longs. So what do you have to say about pros and "talking heads?"
Baa2 and "outlook negative" and it goes onto a conviction buy list? Does that mean a fund or big client will sell heavily in a few days? Is there something I should know about "outlook negative" besides definitely not buying this stock?
While I agree, this stock also has a habit of being pushed up by large holders. There are some flaws in how the stock statistics are shown and I haven't read comments to that effect from the "press," "pros," or company. Anything can happen with CRM price in the short term and boosts at the end of weeks aren't unusual for CRM. In the long run, IMHO CRM is going down, it's just a matter of whether long pumpers push it up on and off along the way. Of course, we could be surprised and that won't happen. However, there are still enormous long exposure that could delay the move down so that they can bump up the price (such as at the end of weeks) and it's been said that they write weekly puts and want them to expire worthless for the put buyers. I have not knowledge of whether that would continue. I only know the past.
Colin Powell is the kind of person who doesn't hesitate to exit a situation he realizes isn't what he thought. I recall history back to the Nixon administration in which upstanding people have quit after being exposed to the inner workings of an organization. He's likely willing to negotiate situations, but I doubt he'd be a shill for MB.
BTW, I don't need to read comments from the shills who ignored Salesforce.com's serious problems last week and insisted CRM was going up and disappeared when CRM dropped significantly.
IMHO, today was a day to start replacing positions closed out late last week. The shorts won then and will win again. This afternoon presented an opportunity for longs to exit before the next drop. Perhaps tomorrow morning will provide another opportunity for longs to exit, but being long can get to be dangerous quickly. While it could provide an opportunity for longs to exit, it's possible the best opportunity will be for re-shorting and re-loading puts. This morning the announcement that Russia only wanted Crimea was the excuse to shoot the market up. Some could be undone tomorrow anyway and there is still the possibility that the market will price in another negative, international move. ORCL aside, ADBE appears to be topping out (no position).
Resistance has been moving down. Questions about security persist. The reported loss CRM will ever have earnings. While ORCL may not be doing as well as they did years ago, CRM may never have earnings and may face financial (and some say legal) issues.
A line of the above was accidentally "erased." The full sentence is :
The reported loss needs to be multiplied by 4 to show the actual loss compared to a year ago, since there was a 4 for 1 stock split after the February, 2013 report. Recently, there have been more reported signs about whether CRM will ever have earnings.
Both the technicals and fundamentals indicate CRM has entered a downtrend. In addition to all that, CRM has run into other problems that will continue to worsen CRM's stock price, despite today's weak bounce. What occurred over the past 4 years has begun to be unwound. Also, even people such as you who won't short CRM, but "won't ever go long on CRM" won't be bringing in an upside push that institutional holders might like to sell into. A lot of the movement at the top may have been due to short covering. As there are more investors and traders who refuse to go long CRM, it will become harder and even impossible to orchestrate any powerful short squeezes. IMHO, it's those short squeezes that pushed CRM up as much as it did. Even Cramer has commented on froth around the time he has repeated weakly about dip buying.