Another overbloated retail stock that needs to go back to preCOVID levels.
Just one put contract for earnings, a kicks and giggles bet. Gasoline prices are gonna impact store sales.
Just one put contract for earnings, a kicks and giggles bet. Gasoline prices are gonna impact store sales.
Comment:
People keep asking me for long term plans, try July puts. Premium isn't too bad, and this is headed down.
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Bounced off the $195 support which also happens to be the 200DMA, if it breaks that then it's toast.
If you're skittish you can wait until it breaks...
If you're skittish you can wait until it breaks...
The waning signs are all there though, rising costs, lower margin. Probably just moves down with the market, wasn't bad enough for a gap down but at the same time there's no reason to pump this any more.