You got a nice Thanksgiving. I'll bet when you woke up today you never would have imagined this move Tiffany or not. I think you will get that $55 in a matter of days.
The HFT's own it for now. When they change the software direction watch what happens. This was up near 5% on the back of TIF. WS having fun around holiday volumes. Look at S today the same is going o there.
No not yet but I am watching this $57 area maybe to start some shorts this is the market having some fun but this will fade based on Coach's recent reporting history. By Monday this will be in the low $55's. Hedge fund and HFT's are using this to trade with TIF for now
COH was downgraded today. This pop will fade back to mid to upper $55 by the close. They are playing with COH, S and a few others on my screen on now news just lighter market volumes around the holiday.
For a trade I could not agree more this is coat tailing TIF's report. What changed overnight at COH? They have been missing now for a bunch of quarters and are in a transition they say. This was at $49 after their earnings it has no business being up here at this point other than following the Fed driven rally. This will be back under $55 by Monday. This is a momentum driven short squeeze and just took another leg up during lunch time. This will fade there is no real conviction in these trades today other than to catch shorts in a light volume week.
Amazing how WS can do whatever they want and sometimes follow the direction of bigger option plays. Three weeks took away a few months of upside work. With lighter volumes around Thanksgiving the moves may get crazier. The shorts are trying to shake out weak hands to a lower price before year end to scoop up shares on the cheap for a 2014 move higher once again.
Why all in if that's true? Diversification? Take some tax loss at the end of the year and wait here until this bottoms soon and buy more to offset the higher cost factor but do it before you take some tax loss ("wash rule"...buy before you sell for the loss). There are thousands of stocks to buy most better than NUAN's track record. Good Luck!
This is going to be sold soon for tax loss for funds and individuals as the year comes to an end. I have gains this years and I have to start selling my losers for 2013 soon. If I was long this stock I would probably take the loss now before this hits the $12's by year end.
Agreed but if the analysts do what you say it will be more than a one day event. Watch to see if it closes on the lows tomorrow if so it goes even lower on Wednesday. Nuance had better hope Icahn does not sell for a tax loss since it's near that time then the shares will drop to newer lows if that happens. He has an $800+ million gain on NFLX alone this year. Boy did he miss with this one. All these guys make mistakes just like the rest of us.
I'm not short or long nor traded this for awhile now but this report was horrible. I got attacked on this board a couple of reports ago with similar results when I was critical of NUAN I believe the stock was near $18-$19 then. The after market lows tonight will be taken out tomorrow they almost always do it with reports like this the next day. Without Icahn this would be at $12. I will put it on the screen tomorrow to watch the action and maybe start a position over the next few days.. This was Bad!
these shares would be at $12. This is one of the worst reports I've seen this quarter they missed across the board and the margins were horrible. I think the sellers will get this to the mid $14's at some point tomorrow.
A gentleman on CNBC now just said that 50% of the people they surveyed plan on doing show rooming this holiday season. The response from those affected retailers has to be better customer service he says. I guess it's time for BBY to put up or shut up. This guy should do the survey after the holidays to see how many actually bought in the store or turned around and bought elsewhere on line.
Since he has come in each conference call Joly paints a pretty picture to start then the CFO comes in and tells investors about the reality of the negative comps and declining margins. This time she told us about even more price matching. If you look out at 2014 estimates they are higher and comps get even tougher. This turn around story is nice and has rewarded investors in 2013 but it has been mostly about cost cutting and as of the last report that is 2/3 of the way toward their goal. This stock has hit the wall for now it is a trading vehicle not a long term investment for growth investors. During the summer we were promised (by many articles here on Yahoo) that there would be share repurchases and a dividend increase and when questioned about the former they were very cautious about their cash levels. Like most of the market stock gains are hyped across the board by TV talking heads, piling on analysts and the Fed. After this report I was wondering where all the analysts were?
Three reasons I believe this will happen you have Walmart already saying they will slash pricing, the shorter holiday season and now you have these major storms hitting regions of the country into Thanksgiving. Retailers have to hope the weather eases up into December. Online sales can offset some of this but BBY is supposed to be the showroom now and if shoppers have trouble getting there AMZN comes back into play a bit more. Cramer and the Iran deal ( that's funny ) will give it a pop today let's see if the gains in BBY and the markets hold today.