First, the word is HUGE, not Hugh as in Hugh Heffner.
Second, as far as earnings surprise next, based on what you've quoted, if anything, he's just setting up for expectations to be too high and as a result, it will be even worse when they miss in Q4.
The fact is that retail is going to be very soft this year for the holidays. People are still worried about their jobs, how much more they're going to have to pay for Obamacare, and most are not going to be making big ticket purchases. Investors should steer clear of all retail companies/stocks.
The market didn't like it. Shares will likely trend lower from here. There will be a good amount of tax loss selling next month.
It's just one day - could be below where you sold in a week depending how the analysts/funds feel once the buying sentiment today wears off.
If you were comfortable with your decision when you made it, that's all that matters - don't second guess it because shares could have easily gone the other way.
Seen the same post here 3 months ago with the shares in the $7 to $8's looking for rebound to $10.
Now you think that you've picked the bottom and there's a rebound of $1 coming?
Don't think so.
When the shares get to $2.75 in a couple weeks, you'll be praying for $3.40 to $3.50 to get out unscathed.
Where is the insider purchasing? They've announced the earnings - they are free to buy as many shares as they like, and aren't.
The estimate was 4 cents/share, they earned 4 cents per share - that's not a blowout.
Take the great headlines with a grain of salt - it was just ok.
With the run up in the share price leading in to this earnings announcement, there will likely be a pullback in the shares. Then, because the shares were higher for a good part of the year, there is going to be a fair amount of year end tax selling which will put pressure on the shares next month.
I don't have to call anyone - I have no concerns.
What I see are novices and neophytes who don't understand the company or sector continue pumping when they have no idea what they are talking about - just like you.
There are many deadcat bounces on the way down. Some people will make some money trading it, others will get stuck and become involuntary bagholders.
Not way oversold in "all" parameters. barchart website gives 100% SELL under 13 different models and indicates support down at $3.08.
Regardless of where you believe it "should" be trading, it "will" be trading at under $3.00 before year end.
That was 3 months ago - that is the ex-CEO-to-be, and was nothing more than a buy for publicity purposes. That is very clear at this time.
No sense buying now - two more quarters of restructuring costs - another $16 million to $26 million in one-time expenses will keep the company squarely in the red for another 6 months before any hope of a rebound.
Close at $7.20 tomorrow - no way - $6.50 to $6.75 more likely.