Guess Inc (GES) is coming up on Earnings release at closing time today (11/01/06).
Per it's past performance it seems it takes sharp dives on Earnings releases.
On Q2 announcement, August 2, 06, it went down from $51 to $39. It's been uptranding ever since -- $39 to about $56.5 today.
On some good news it went up (at end of May) from $42 to $45.
On Q1 it went down from $48 to $39.
On Q4 05 (mid. Feb. 06) it went down from $48 to $36.
I am betting (and buying some NOv. $55 puts) it will go down by at least 5 points starting tomorrow morning.
Please let me know what your take is on this stock as it relates to this Quarterly release.
Thanks,
GSB
Per it's past performance it seems it takes sharp dives on Earnings releases.
On Q2 announcement, August 2, 06, it went down from $51 to $39. It's been uptranding ever since -- $39 to about $56.5 today.
On some good news it went up (at end of May) from $42 to $45.
On Q1 it went down from $48 to $39.
On Q4 05 (mid. Feb. 06) it went down from $48 to $36.
I am betting (and buying some NOv. $55 puts) it will go down by at least 5 points starting tomorrow morning.
Please let me know what your take is on this stock as it relates to this Quarterly release.
Thanks,
GSB
