TIF (TIFFANY & Co.)
1. Bias: BEARISH
2. Short interest- 8.5%
3. Chart: Looks like a BEARISH RISING WEDGE
CLICK HERE FOR CHART
4. From Yahoo Finance:
5. Odds/Probabilities
No. of earnings : 42
Earnings with less than 5% move: 20 (47%)
Earnings with 5-10% move: 13 (32%)
Earnings with > 10% move: 9 (21%)
6. What are Gurus and Insiders doing with TIF?
http://www.gurufocus.com/StockBuy.php?symbol=TIF
7. STRATEGY: ASSUMING IT TRADES AT CURRENT LEVELS ON THE DAY OF EARNINGS, DEC 41/35 put spread ON THE DAY OF EARNINGS
I would wait until Nov 24th to short it, it may rally into earnings and the best place to short it would be at 43-44 IMHO. If it rallies to 43-44, Dec 43/38 put spread might be a good idea.
THIS STRATEGY IS SUBJECT TO CHANGE. PLEASE CHECK BACK ON THE DAY OF EARNINGS TO KNOW MY STRATEGY/POSITION
2. Short interest- 8.5%
3. Chart: Looks like a BEARISH RISING WEDGE
CLICK HERE FOR CHART
4. From Yahoo Finance:
| Mean Target: | 43.31 |
| Median Target: | 44.50 |
| High Target: | 50.00 |
| Low Target: | 35.00 |
| No. of Brokers: | 16 |
5. Odds/Probabilities
No. of earnings : 42
Earnings with less than 5% move: 20 (47%)
Earnings with 5-10% move: 13 (32%)
Earnings with > 10% move: 9 (21%)
6. What are Gurus and Insiders doing with TIF?
http://www.gurufocus.com/StockBuy.php?symbol=TIF
7. STRATEGY: ASSUMING IT TRADES AT CURRENT LEVELS ON THE DAY OF EARNINGS, DEC 41/35 put spread ON THE DAY OF EARNINGS
I would wait until Nov 24th to short it, it may rally into earnings and the best place to short it would be at 43-44 IMHO. If it rallies to 43-44, Dec 43/38 put spread might be a good idea.
THIS STRATEGY IS SUBJECT TO CHANGE. PLEASE CHECK BACK ON THE DAY OF EARNINGS TO KNOW MY STRATEGY/POSITION
