Can someone please explain this to me? ANF is at an all time high. Well over the peak valuation from it's height of popularity in 2007. The weekly chart is so overbought it's laughable, but is it done? I'm so tempted to start shorting. Each one of these pumps has been followed by an equally ruthless plunge. Will this time be different?
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Taking a really small stab here with some ANF 1/19/24 90.00 Puts. This thing needs to breath.
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Especially with TZA sitting on support. Will watch this the rest of the week.
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Getting some momentum here with the market selloff
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ANF truly insane.
Trade closed: target reached
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Wow this took patience. Puts finally green. Taking off half for 25%
ANF could become the next Under Armor. Excessive hype followed by an implosion. Especially fashion trends are coming and going. If somebody finds one hair in the soup it could become a desaster. The numbers are still looking good since Corona time. Nonetheless all the positive news to my mind are priced in. Impressive price increase of + 1.300% !! since April. ANF is one of the best performing stocks in the US during the last 3,5 yrs, even competing with NVDA. The investors may not forget that ANF is not an AI company or related to Cryptos. At the end the market with all the participants has to decide what will happen during the coming months, yrs. Distance to MA 200 should ring the alarm bells. Risc-/Reward ratio with this parabolic chart is not really screaming for additional long positions. I'm expecting a final boost up to the range of 100 US§, followed and as so often pushed by Management and Analysts coming out with upgrades now. Let's see what will happen. This is either a Long nor a Short reccomedation. It is only my personal view on the stock price of ANF. For sure I could be completely wrong. Personally I'm waiting for Short entry soon.
eljay2121
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im at 50 short now and confident
efrainsanchez100001
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na no way no way .what the heck ..I thought anf was extinct... I definitely think some one here Is cleaning money . other wise where is America eagle. where is ero where is Hollister??? I'm just saying If I was a drug dealer this is how i would clean my money buy under value or worthless stocks ... smh ..I have puts holding them out for 3 months
eljay2121
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i added 5 more short sell today, total 20, their is a short squeeze currently going on, but i think its due for like a correction to at least 70
trankvcu
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NKE tank after hours, I wonder how much this will effect ANF
ignant_trader
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I've been watching this one too. January puts might be too short. Thinking have to wait till their next earnings report or some other catalyst like weak holiday sales? Do these get reported before earnings somewhere?
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@ignant_trader, I think you're right at this point. They might, but I wouldn't count on it.