Shame on me and shame on you. When I first started working with Brian McGough, I was short this stock. Today, our Advisory Clients are long it, and the shorts are still talking about the height of Polo shirt piles at Bloomingdales.
Qualitative short thesis’ will get you about as far as I can throw you in this business, particularly when you're shorting a stock that has 18% of the float sold short like RL does.
Closing +7% today on 6M shares traded is your wakeup call. Next stop on this bus is $66.84, before it takes a breather, then charges to $71. Great quarter, and great call by McGough.
KM
Qualitative short thesis’ will get you about as far as I can throw you in this business, particularly when you're shorting a stock that has 18% of the float sold short like RL does.
Closing +7% today on 6M shares traded is your wakeup call. Next stop on this bus is $66.84, before it takes a breather, then charges to $71. Great quarter, and great call by McGough.
KM
- RL is going to $66.84, then $71.11
(chart courtesy of stockcharts.com)
