It's dressed up like Barclays but it's really Lehman, and their analyst is downgrading Abercrombie (ANF) today. We bought ANF in the Hedgeye Portfolio on Friday and are happy to butt heads for this ball. Be sure to 'You Tube' Lehman's prior positive rating on ANF - note the price. I won’t be mean and attach a chart here.
Incidentally, the stock is trading up on this downgrade…
This is a great game, and another great day for it.