Ascena Retail Group Inc fka ASNAQ

[tdeck]

$ASNA
Trump's trade trifecta
by Washington Examiner
December 14, 2019 12:00 AM

https://www.washingtonexaminer.com/opinion/editorials/trumps-trade-trifecta

Did Hedge Funds Drop The Ball On Ascena Retail Group Inc (ASNA)?

Compared to these stocks Ascena Retail Group Inc (NASDAQ:ASNA) is more popular among hedge funds. Our calculations showed that top 20 most popular stocks among hedge funds returned 37.4% in 2019 through the end of November and outperformed the S&P 500 ETF (SPY) by 9.9 percentage points. Hedge funds were also right about betting on ASNA as the stock returned 73.1% during the first two months of Q4 and outperformed the market by an even larger margin. Hedge funds were clearly right about piling into this stock relative to other stocks with similar market capitalizations.

https://finance.yahoo.com/news/did-hedge-funds-drop-ball-174732511.html

They sold it off June-September

Then when BK was out of the picture and Dressbarns lease/landlord issues were resolved started loading the boat, and by all signs from Thursday afternoon through Friday's close they piled in even more taking up where short term traders and shorts decided to sell the stock off after an outstanding Q as large blocks one after another after another ending at the HOD most certainly weren't traders, .18 a share in earnings is .18 a share and buying back 6% of their debt due in 2 years at .60 on the dollar is buying back debt at .60 on the dollar.

RS no RS when a stock is trading far below its value hedge funds like it as they see the future. coupe weeks the largest anchor around Ascena ASNA's neck Dress Barns 544 get cut away which means even better numbers going forward. All the "there will be nothing happening/no news til next Q" is a fantasy what does one think will happen when they lose Dressbarn and it loses the $2 million a week in losses that Dressbarn causes (2019 -$101 million)?

Think that will go unnoticed, unreported ignored, not taken into account, think again. RS or no RS "all big name billion dollar companies don't drop after an RS most/all go the opposite direction" watch and learn kids.

Short volume +50% Friday and still it rises
12-13-2019
930,371 short share volume
1,652,311 total volume
56.31% short percentage

In 2020 watch what this stock does.

Peace out.