iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

ANF at critical 50 psych-support … your correlation stock for shorting retails

I’ve wrote about ANF too many times, so I’ll just give you the links to my past trader-notes:

–  This is the one you should read.  I talk about how ANF had a powerful 2-year channel between 70-80.  Plus I made an attempt at using Fibonacci retracements.   Bought puts there.

–  I first decided to short ANF when someone bought me an Abercrombie Fitch shirt.  I wore it, then I became mysteriously itchy.  Apparently, feeling itchy was a better indicator than Fib-levels, RSIs, and MACDs.  (Just recently I almost crashed my friends SUV running a red light while texting on my BlackBerry.  I hate my BlackBerry, and am taking that as a sign to short RIMM.  Lol.  More on this later.)

–  Also I’m not the only who hates Abercrombie.  Looks like even gay people don’t even like them.  And since that is pretty much ANFs target market, then I’ll take that as “bad fundamentals”.

–  Anyway, ANF is your correlation stock.  Meaning, short retails when under 50, and cover when ANF over 55.  Or some kind of combination like that.  Make sure you add these to your list:  American Eagle Outfitters [[aeo]] , J. Crew Group, Inc. [[jcg]] , [[lulu]] , Guess?, Inc. [[ges]] ,  True Religion Apparel, Inc. [[trlg]] , Hot Topic, Inc. [[hott]] ,

– Finally, I cannot shop at ANF, because there is a shirtless man outside the store with more abs than me.  Off to the gym.

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14 comments

  1. The Fly

    Wood loves to shop at ANF.

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  2. Thumb Sucking Fetus
    Thumb Sucking Fetus

    ANF man looks like my daddy.

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  3. Gio

    Just watched your Cramer vid… I think he should wear ANF shirts on air, especially for playing Enya.

    I’m surprised they let Wood into the store.

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  4. Gio

    Fetus… bwa ha ha! You’re definitely a mistake to him.

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  5. Jason

    The worst part of wearing an ANF shirt is admitting to your dad that you’re gay.

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  6. Gio

    What if your dad bought it for you?

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  7. Jason

    Then he is hoping you’ll finally admit the truth. haha

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  8. Thumb Sucking Fetus
    Thumb Sucking Fetus

    Mama looks like a man too.

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  9. calvino

    I am surprised that you neglected to mention that gem of ironic teenage angst shit urbn. I’ll buy you a cup of Kona, real deal from Hawaii, not the stuff you buy at the supermarket from el salvador – if you can locate me a borrow on lulu.

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  10. InternationalGroupie
    InternationalGroupie

    hey calvino. interesting chinese market action.

    I guess this and some buyout offers throws the “demand destruction” train out of the rails.

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  11. http://z-stock.blogspot.com/
    http://z-stock.blogspot.com/

    Gio I left you a comment about MEA, but I’ll be darn if I can find it anywhere on this site. I just spent 20 minutes trying to find the darn comment. This has to be the worst format for doing comments__ With Blogger I get emailed when there’s a reply, heck– even with You tube too__With Disqus __well that’s supreme way to do comments of ALL TIME__but with this format, I can’t get any feedback..
    I’ll have to give up coming here. I don’t think anyone can spare 20 minutes at one site-Sorry guy___

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  12. Gio

    hey z… try using the search feature on the top page. I think there’s a way to get emails for replies, but I’m not too familiar with WordPress.

    I looked into Disqus, and I couldn’t get it to work with WordPress. The bad thing about Disqus is that I cant post comments from my BlackBerry, but on blogger I can… maybe that’s a good thing though, since I want to burn my Blackberry.

    As with any site, it takes some time to get used to formats, so do what u can.

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  13. The Fly

    for specific posts:

    Punch in stock in “quote” box on top. Then, scroll down to the bottom, and look for post by the blogger you are researching.

    Fairly easy and nifty system we made.

    Use the quote box.

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  14. JP

    Gio, FXP down almost 10% do you think it has a good entry point on that dip?

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