Savvy Trades and Investments

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Woohoo new 52-week high for BGFV! That might spur additional momo buying. And there's still all those shorts who could get squeezed. Still completely baffled by anyone who thought this was a good short in the $5's with a $1+/share quarter on the way.

Could see a preliminary Q3 announcement soon like they did for Q2 in early July. But I don't think they had guidance back then and now we do. So may not get a preannouncement unless they blow past their own estimates. Worst case we have to wait til the end of the month for the Q3 numbers.

Not sure what the reaction will be to the Q3 report. Stock has had a big run from the $5's to the $8's in a matter of days on no news. Obviously Q3 is going to be a monster, but a lot of people are expecting that. I think there's a chance Q4 guidance could disappoint. Q4 should be up sharply from last year. But lots of people think Q4 will be another blockbuster like Q3. When Q3 is seasonally their strongest quarter by far. So if they guide for a sizable sequential decline in Q4 earnings, we could see a sell the news reaction.