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.
- RL is going to $66.84, then $71.11