Abercrombie & Fitch reports in the morning. The shares have been running like a male model on Branding Night in the Top Secret ANF dungeon formerly rumored to be located near company HQ.
As the long term chart shows, ANF was an absolute disaster for years. I’m long since last fall, based on respect for the execs, better merchandise and it being literally impossible for the company to be worse than it was during the last few years of the former CEO.
The Rounded Belly Low I detailed last year has turned out pretty well but expectations are higher with the stock up 40%.
I don’t have a trade suggestion. I’m staying long and immediately regret the decision. Trading is largely about having more accurate expectations than other analysts. I don’t think it’s about estimates at all, if ANF has a good message.
Strictly in the interest of sharing the process, here are my notes going into the call. My hope is the company beats and guides down hugely then explains the shortfall in a conference call. That way I can buy lower.
Frankly I’ll take anything better than horrible. This isn’t even kind of a good company yet. I’m simply betting on them getting a tiny bit better than people expect. A bad miss will send this back to the low 20’s in a heartbeat…
God that’s a fucked up photo.
It’s amazing the chain still exists. I’m still embarrassed to go in the stores Bc of the lingering stench of cologne and Lolita vibe.
Putting a lot of faith in Martinez. Too much faith…
i’m riding march calls into this.
Calls. Nice.
pumped and dumped. they sold the good news.
so is today’s spike and trade lower candle the equivalent of drawing the under belly button hair trail for that fat slob you drew?
I honestly wouldn’t have traded it right had I tried. There’s not enough people with buys on it to downgrade it. Still long. Way extended.