Conn's has been kicking butt with a killer Q and a great FY 14 and huge FY 15 projected growth in sales and income. What do you think about this stock? I had bought some at $74 and now it's breaking out and should blow past it's 52 Week High soon. Just thought I would share a stock with all you good folks. CONN has decent volume and good pinn-action, good luck! Do any Chart Experts think we can hit $80 by Christmas? All views are appreciated. We share on Elite Trader, no sales pitching or pumping is intended with a Mid-cap stock.
sorry.. but this is one heck of a bubble... its sales will suddenly plummet and u will hold the bag.. the best thing of the stock market is that there is no rhyme or reason..
Thank's for commenting Darwin, I appreciate your comments, I got stuck holding the bag on a terrible little stock some SeekingtheAlpha guy was promoting. I was so stupid, I bought at $3.75 and did not sell this seconds latter at $5.25, how stupid am I for holding this back to $3? CONN's has guided the Wall Street community for a decent 2014 and 2015 growth rate. I follow the price of a stock, I will buy a few more January $75 Calls for $3.00 or cheaper if I can and flip this stock if it hits $79 by December 31, 2013. Good comment Darwin, peace and happy holidays!
CONN is basically two bad businesses that together look like a great business. The two businesses are electronics retailer and subprime lender. Combining them together creates the illusion of a high margin business, when in reality it's a low margin business with lots of bad loans. This should be priced more like CACC or WRLD.
Today's price was pinned to $75 or below, I chase price on these stocks so I am thinking we can get a few points before the end of the year on the upside. The January $75 Calls at $3.00 look interesting, with Best Buy's pullback I thought between Options Expiration (Monthly) and Best Buy's trench CONNs was stuck this week.
We did it, CONN's was pinned and felt pinned like WDC did when it was being held down at $75. I hope some of you picked up early on this play and made a few coins. That's why we stick together on Elite Trader, Wall Street has their army of stock pickers, Elite Trader has great T/A experts, Option Traders, Psychology experts and a vast array of very cool people here. Merry Christmas, Happy Holidays and Happy New Year to everyone here on Elite Trader!