COVER SHORT POSITION FOOLS! Restoration Hardware $RH STRONG BUY
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Yeah, target is still $68, but that was based on previous earnings estimate. Earnings guidance was raised higher today. With the short float and huge shorts trapped in here. I expect to see $80s easy.
Target is still 68
Earnings in June. Guidance just raised higher today. Picking up some June and Jan 2018 calls cheaper on this pull back.
Well it broke 50, congrats to all still holding, I didn't believe it would crack it, I thought it would settle in the upper thirties, sold way too early, made some money but not a lot, got spooked when I was down big and after their first big beat it went green for me and I bailed. I still would be hard pressed to buy at these levels, I agree with Second Coming statements that it would have to drop to 40 before I would look at it again. Still loving the fact that shorts are losing their shorts though. Good luck longs.
Stock reacts to 700 million stock buy back announced by RH yesterday. Short squeeze probably play a big part of today rally. According to Yahoo Finance there are about 60% of shares are shorts. If RH can deliver a great quarter next month along with great guidance it might go to 80. Who knows, this stock have a lot momentum right now.
Lot of shorts..this can be pushed to 68, and some. I see 79.
Damn, even more congrats. Surprised by reaction though as it was pretty much already announced.
If we are to go off the RSI then you could argue that a pull back next day or so could occur on RH before rallying up. Im not sure about you guys but awesomeSTO-CKS has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.4 In other words, the correlation coefficient of the other stocks
Could not get past $47 this stock will have to reset around low 40's before next run. I think we have all the good news and $47 is the high for now. It's fairly valued now, I don't see it going beyond that for a very long time.