Tuesday, November 28, 2006

CHS - Chico's Earnings

Stock momentum is feeble ahead of this retailers results this evening, and put options volume is ahead of call volume in the December contracts by a 2 to 1 margin. in the new lingo of the younger generation... 'just sayin'. We have toyed with picking up the puts, but have made no final decision. The chart below shows that this thing is a 'gapper' and to the downside. Will history repeat itself?

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