Josb

[daiwa]

How about JOSB clothing guys ?

I don´t think we can go much further with these mad numbers, allmost 90% of company shares are shorted (borrowed). PE Ratio stands as 8, allmost the same as Crox does. I had found that diagonals in bear market can be very lazy to take move upside, but should this stock have extra powerfull support located at fib .618% ? In elliott wave terms we might have good chance to make a handshake with new impulse wave 3 - which is allways most powerfull. I don´t usually read much daily trading magazines, but noticed that Barrons has wrote something negative about their inventory some time ago.

(I made a few charts to view them full size just click them if interested)

Elliott Wave & Fibonacci Charts

Thoughts & Arguments & Comments ?

Regards,
-D

 

[Palatine]

The overall picture is bearish. For the intermediate term a range between 18-26 is most likely.

 

[daiwa]

Interesting,

I wonder if my CROX charts is also bearish for you ?

It´s pretty easy call to say stock will stay between 15-25 $, why not increase it between 5-125 $ range then missing only scenario that sideways might be also possible - to be fully disclaimer protected view

This bearish stock is up again +5% today and haven´t take my lunch yet

Regards,

Elliott Wave & Fibonacci Charts

 

[Trader333]

allmost 90% of company shares are shorted

How is that possible as there is a limit on the total percentage that can be shorted often around only 20% of total shares.


Paul

 

[Palatine]

I wonder if my CROX charts is also bearish for you ?

It´s pretty easy call to say stock will stay between 15-25 $, why not increase it between 5-125 $ range then missing only scenario that sideways might be also possible - to be fully disclaimer protected view

This bearish stock is up again +5% today and haven´t take my lunch yet

Regards,

Elliott Wave & Fibonacci Charts

Simple. I don't see evidence that bulls have made their case to bring JOSB up from here permanently. I'm a trend trader so I see things slower. What I'm referring to is the overall theme of that stock from a very objective standpoint. It could be the bottom, maybe not. I never call tops or bottoms because it's stupid to do so.

In a way my analysis agrees with your call, doesn't it? Since it's in a range, the risk to the downside is pretty small. And reward to $26 is pretty big. Easy as that. Just by reading price action. And history tells me that this is the most likely scenario.

 

[Palatine]

CROX's picture looks like this and this is how it would be traded objectively.

 

[daiwa]

Jos.A.BANK, JOSB

There´s so many way to work in the market as there´s individuals. Some follow trends, but you´re also szeezed badly when trend ends if you don´t see it and this was the case also in here also not to mentiond year change, I wonder when your signal informed that market trend has changed, if you saw that on february it make terrible job for your portofolio performance. Remember that there´s actually very few days during the year when most of the increase for prices are done, I remember read it from somwhere it´s about 15-20 days.

Crox came up since +25% and that´s 5 dollars!. It´s taking now back a bit, but JOSB is now out of your previously given range allready, up today -+20%. It also came up all week and everyday even when market had negative days....perhaps trend technicians see it as a change, but I am going to sell my position in next 5 days.

Btw. I am not aware of such a restriction that SEC limist how many stocks can be borrowed (shorted). Perhaps it´s changed since ? Uptick shorting rulez changed also not so long time ago to be the same as there were 8 years ago.

Another thing is that I do use elliott wave technology and I don´t think it´s trendfollower tool, pretty opposite actually. It´s master tool if one looking where price & time (the trend) will change and why.

Regards,

Daiwa
Elliott Wave & Fibonacci Charts

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JoS. A. Bank Clothiers, Inc. (JOSB), a Men's clothing retailer, announced financial results for fiscal 2007, reporting a net income that increased from the previous year on higher revenues. After the announcement of results, the company's stock surged more than 15% on the Nasdaq.

JoS. A. Bank Clothiers's fiscal 2007 net income increased to $50.17 million or 2.72 per share from $43.22 million or $2.36 per share in the prior year. On an average, six analysts polled by First Call/Thomson Financial estimated the company to earn $2.66 per share for the quarter.

The company said fiscal year 2007 contained 52 weeks and fiscal year 2006 contained 53 weeks. This is in line with the National Retail Federation's 4-5-4 week calendar.

Net sales for the year rose 10.5% to $604.01 million from $546.39 million in the previous year. Wall Street analysts expected the company to post revenues of $605.63 million for the quarter.

For the 52 weeks of fiscal 2007, Direct Marketing sales increased 13.1%, compared to the first 52 weeks of fiscal year 2006. Comparable store sales rose 3.8%.

The Hampstead, Maryland-based company's fiscal 2007 gross profit grew to $378.65 million from $338.44 million in the same period a year ago.

Total operating expenses were $295.90 million, up from $265.34 million last year, while operating income climbed to $82.75 million from $73.10 million in the prior year.

The company's total cash and cash equivalents were $82.08 million as of February 2, 2008, compared to $43.08 million as of February 3, 2007.