LucyF2492
Long

Signet Jewelers reaching capitulation

NYSE:SIG   SIGNET JEWELERS LTD
Ready to buy at the 0.95 so long as the company doesn't fail. Highly doubt they will.
That's the underlying risk here.
Bankruptcy.
Chart pattern is quite bearish.
Bullish scenario could be a long basing pattern, at these levels, or lower.
I would avoid this issue,as other opportunities dwarf this companies financials.
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LucyF2492 The_Unwind
@The_Unwind, I've been creeping them for a long time, listened to their ER this quarter. I'm not looking for anything that great, only looking for them to not completely fail. Could be a good opportunity. This is a very old company who owns and operates a huge portion of the jewelry industry; I used to work for them. I'm hoping they will be "too big to fail." They own Jared, Kays, Zales, Ostermans.....some others. The jewelry industry has taken huge hits the past few years and we use SIG's performance to measure the industry as a whole. I know they are making large strides to combat lowered sales and the mellinial/Gen X generations' odd tastes and lighter wallets. I have faith in this company to crawl out of rock bottom. But we shall see!
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