Guess INC..... Obvious short or just filling the gap ?

Discussion in 'Stocks' started by wiesman02, Jun 7, 2007.

  1. Take a look at the 3 month candlestick chart. Has Guess finally turned bearish ? I think its worth the short here. Even if it just fills the gap.


    What do u all think ?
     
  2. Looks like it's worth a short to me...even for the gap.

    I bought a handful of July $50 Puts...retail isn't a great place to be right now. I think it goes lower.

    Cheers and good luck. :D
     
  3. Chart looks great for a long entry. Nice two month base, good volume breakout. Look at BIG in retail, better risk/reward IMO for a short entry just by judging the chart. Good luck.
     
  4. id go long also...chart looks very nice for along...although now i might just wait and see..i would definitely not go short..but i could be wrong
     
  5. Might turn against me...I'll keep a tight stop. :D