Let Your Profits Run
On Friday I played J. Crew Group, Inc. (JCG) on the long side. J.Crew Group is an apparel and accessories brand that embraces a standard of style, craftsmanship, quality and customer service. JCG reported first quarter earnings of $0.48 per share, $0.01 better than the First Call consensus estimate. Revenues rose 14.6% year/year to $340.6 [...]
Price Movement After Resistance Is Broken
MR provides a good example of how when a strong resistance is broken it takes a quick leap ahead. $40 has been a strong resistance for MR and it took many attempts before it could break it convincingly. Now $40 should hold as a support. I am currently short MR with an average of $40.50 [...]
Why Am I Playing Lousy Retailer
Pacific Sunwear of California, Inc. (PSUN) is a specialty retailer focused on action-sport inspired casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. I am playing PSUN, purely on technicals. PSUN formed a bottom during the month of Jan 08 at $8.87. After a lousy earnings PSUN hit [...]