Brian,
I checked those stats;
On July 10th, RAYS posted a 1.3% INCREASE of comparable stores for June. RAYS was down 1/16 to 5 15/16, OO was down 3/8 to 12 3/8. The previous month (MAY), results posted on June 5th saw a 5% DECREASE in same store comparisons. RAYS was down 1/4 to 6 3/4, OO was down 3/4 to 11 3/4. Negligible impact each time if you ask me. RAYS is up nicely lately, while OO is lower than what it was in June. RAYS will probably report good results Thursday, and the market makers will likely gap up the open, profit takers will come in because they only bought on the anticipation of good results and the stock will probably drop. It's the classic buy on the rumor, sell on the news! It has been the pattern in the market lately. Stocks run up before earnings based on anticipation and momentum. The results come out and the stock usually drops regardless of the results, but quicker if it misses concensus estimates. Both stocks still have upside left in them, but it is slow in coming. OO has languished since earnings, no buying power is out there worth mentioning! TOPCOATS started shipping last Friday (Aug 1st), but OO didn't issue a press release, which surprises me somewhat. I am looking for a LONG re-entry into OO at 11 or 11 1/8. That is also a good price for any SHORTS to cover..... |
