3SOF

How about JOSB clothing guys ? I don´t think we can go much further with these mad numbers, allmost 90% of company shares are shorted (borrowed). PE Ratio stands as 8, same as Crox does. I had found that diagonals in bear market can be very lazy to take move upside, but should this stock have extra powerfull support located at fib .618% ? In elliott wave terms we might have good chance to make a handshake with new impulse wave 3 - which is allways most powerfull.

(I made a few charts to view them full size just click them if interested)

http://just-charts.blogspot.com/

Thoughts & Arguments ?

Regards,

-D

Seems that volyme started to show buy interested participants action now, in friday afternoon there was huge diagonal straddle deal buyer on the market, he bought this month contracts as strike 25$ calls over 6000 and also 25 $ put options over 6000 contracts. This was over half of all open options available for the stock. While this position was build stock went very high volatility, ending up the day around +4%.

Next 2 weeks should be interesting.

And we´re travelling....

There´s also still big buyers in derivative call side, yesterday another 5000 25 $ april calls were changed hand. I do have 90/10 derivative strategy for this meaning 10% protective puts against of 90 % of calls (long), they are mostly likely worthless allready, but it´s a small insurance cost if sometimes entry on the wrong place for long position.

Jos. A. Bank Clothiers, Inc. (JOSB) reported Q4 EPS results of $1.44 vs. $1.36, 6c above the consensus EPS estimate on in line sales growth of 7.6%.  Heavily-shorted JOSB shares were recently up 19%

Thursday, JoS. A. Bank Clothiers, Inc. (JOSB), a Men's clothing retailer, announced financial results for fiscal 2007, reporting a net income that increased from the previous year on higher revenues. After the announcement of results, the company's stock surged more than 15% on the Nasdaq.

JoS. A. Bank Clothiers's fiscal 2007 net income increased to $50.17 million or 2.72 per share from $43.22 million or $2.36 per share in the prior year. On an average, six analysts polled by First Call/Thomson Financial estimated the company to earn $2.66 per share for the quarter.

The company said fiscal year 2007 contained 52 weeks and fiscal year 2006 contained 53 weeks. This is in line with the National Retail Federation's 4-5-4 week calendar.

Net sales for the year rose 10.5% to $604.01 million from $546.39 million in the previous year. Wall Street analysts expected the company to post revenues of $605.63 million for the quarter.

For the 52 weeks of fiscal 2007, Direct Marketing sales increased 13.1%, compared to the first 52 weeks of fiscal year 2006. Comparable store sales rose 3.8%.

The Hampstead, Maryland-based company's fiscal 2007 gross profit grew to $378.65 million from $338.44 million in the same period a year ago.

Total operating expenses were $295.90 million, up from $265.34 million last year, while operating income climbed to $82.75 million from $73.10 million in the prior year.

The company's total cash and cash equivalents were $82.08 million as of February 2, 2008, compared to $43.08 million as of February 3, 2007.