It's a debacle like almost every other clothing retailer so far and this cannot be just about Amazon when it comes to clothes.
It's time for you to disappear.....period. Thank God I only have a small amount of shares ANF will be a tax write off for me in 2016. All clothing retailers are done and are shorts. Look at CHS , EXPR etc. etc.
I have not been in since the big drop weeks ago and sold around $15 after getting some in the $12's. I guess it's possibly either $5 or $40 how crazy is that? The delay must be like you said along with hearing the pleas from the parents too. If they rejected it once I bet they do it again and the extra time will give them cover. For those who are affected it will not be what they want but some may believe that the FDA studied it further and came to a more informative decision this time. I think it gets declined and shares are back to $8 real quick and then lower day by day. Just my gut feeling and I am not in the shares in any way but I do keep it on my screen for now.
This market is now about squeezing shorts and EXPR stock action today proves it. They missed on both and warned for the next quarter and fiscal year and the stock closes pennies from the daily high that almost never happened in this market until recently. I could be wrong but that smells of renters who had one goal to hit shorts. If this even gets well over $15 I think this becomes a short based on the earnings report.
I watched this stock all day including the pre market low of $12.95 this market is all about squeezing shorts for now and not fundamentals. I am shocked that this came back the way it did to close near the daily high. In this market when a stock misses EPS and revenue and guides below the next quarter and fiscal year that stock will almost always close near the daily low. However since it's about short squeezes for now EXPR closed near the high today. Look at BBY yesterday and BBY's action today. I would be a bit wary of EXPR and wait for a pullback to at least $14 or less if possible. This market had retail rallying today while oil prices climbed again to a 6 month high. Durable Goods tomorrow will move a lot of the retail sector tomorrow depending on the number....just my take...Good Luck!
I'm scratching my head here up near 41% on this news is a bit silly but that is this market and what the HFTS can do.
You know what's funny about all this market mania is that we are celebrating higher energy prices for the consumer. People were not shopping when gas was well under $2 now it will be .60-.70 cents higher in 3 months. I wonder what the durable goods numbers will look like tomorrow. In addition this market is totally ignoring the Fed if they raise in June we rocket lower big time.
Looks like you may be right it's close but a near 40% move is just silly. But that's what this market is many daily stock moves make little sense. Possibly options are involved pinning this towards $50 I have not looked yet. Glad I covered in the pre-market at $43.70 almost bought some but thought it would drop lower in the regular session.
There is a small percentage short here so that means real buyers need to step in soon to get to $50. Based on the percent short it will not get a huge lift from short covering. $46 was the high last night just before 8 pm so it could get near that today but let's see how markets do after the big move yesterday in the averages.
Just covered a small short ($43.70) from last night possibly too soon but this thing may trade all over the place today. $46 was the late high last night but these $50 guys here I think should lock in some gains today before the market takes them.
Thanks for the numbers. If Gas built by that much they must have been refining much of that oil for the summer demand. Gas has been down big for weeks and now a build. WTI up about .60 after 6pm let's see the numbers tomorrow if we see a similar draw or something else.
Bought $31 sold $31.80 for some small gains I'll watch for a retest of lows later for another trade. I think it trades back over $32 later this may be more about the CFO leaving than Q2 guidance she has been an important part of the turnaround.
She was a big part of the turnaround I bet that's a big part of the early decline. I could be wrong but I think we may see a $32 at some point today.