I am not holding a position here, but contemplated longing 1000 shares at these levels thinking they can adapt to online and the stores are actually still busy... or at least there are lines of people waiting outside the one near me... which could be indicative that the selloff here is overblown.
However, this company is heavily indebted during a time when a bad balance sheet can kill a company...
It's hard to say where this goes, but my trajectory accounts for only the best-case bullish scenario. The play might be to buy $5 calls to minimize risk.
Michael Burry is buying MIK this month. He must see something. Bought 300 shares last month. There is some money to be made here.
DeeBreeze
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I know! lol. I just entered your May 6 #TimeZone, but this one /is/ a toss-up for at least 6 months, IMHO. It keeps keeping me in :)
DeeBreeze
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@Ablivious, As an addendum, I'm going out on a limb (I usually saw them off - with me on it) here, but
here we go: $4.50 8/15.2020 (Don't remind me later :)
IAmSpoli
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Looking at an entry at 2.50. I'll update the chart