Nothing is guaranteed in the market but I see it returning to 82-85 range just prior to earnings. If they beat by a significant margin (I think they will) and guidance is strong you'll see a pop to 90 range. Patience.
The shorts certainly have people covering for them. The bid price was real low all morning in only 100 share increments trying to low ball. Manipulation for sure. I'm sure a ton of shorts have been covering at these prices. Hopefully management has also been buying back more shares as well.
Not at all, the big boys are trying to get their shorts out before they take a beating. The short interest is dropping fast. You wouldn't see this volume of shorts covering for no reason.
That's a 25% drop, looks like they're licking their wounds on the way out. I think we'll see even a bigger exit in the next few weeks.
As I stated earlier, every upgrade, every storm, every report of brisk sales, just keeps adding nails to the short's coffin. I think we are in for quite a ride by the end of the month, and right through until earnings at the end of Feb.
You're going to indoctrinate tomorrows youth.......say it isn't so. Most teachers today are screwing up all of our kids...... choose wisely grasshopper!!
It doesn't matter when they report, just know that they are having a great winter so far and it looks like they will beat and move higher from here. Merry Xmas All!!!
The CEO of Macys actually was on last night and said that women's shoes and boots were one of the best selling areas followed by beauty products. He also said that the colder weather was driving sales.
You would think he was on vacation for the last 5 months. With everyone else upping their target it certainly looks like he just tried creating a buying or exiting opportunity for some.
Didn't mean they were covering in droves, just that with such a large # of shares short it would take over a week for them to try, which would make us all rich!!
Ok, thought it was next week. Even if it drops a little they still need over a week to cover. Personally with all the info out the last 2 weeks I think they're toast.