It's at 6.50 now it's very close to a double bottom at 6.25 This can make for an awesome trade, as long as we don't have anymore terrible PR or fundamentals.
If you feel holiday sales were decent, the sentiment is buy. That will put this potentially above $10 IMHO. If you feel holiday sales were lackluster, this could take out the 52 week low 6.24 and you could probably pick up in 4 or $5 range. I'm locked and loaded now in low $7s. Did my DD. Also took some time to ask store managers their thoughts on sales this year. They were all positive. Most said twice as much traffic as last year. Does that equal sales and were they truthful? Who knows until numbers come out. Anyway pick a side. GLTA.
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