Everybody was bushwhacked on this thing. There were targets as high as 90 a share. I was one of those watching the stock very, very closely. I love the Growth Strategy they have had out there. They got china up to five stores. If you look at the mens, theyre doing actually very well. This quarter was a good quarter. The problem, every part of the problem was the guidance. They knew some of the traffic numbers were down, they still had margins, but it was the guidance and a little going into the whole internet world, the ecommerce, not great. It wasnt awful, it just wasnt great. Thats a problem. How do you see this . The stock is down 22 plus percent. Well, i do i dont typically believe stuff like this, that we didnt have the right colors. If you go to a lulu store, whos going to pay that for this kind of stuff . Theyre no more expensive than nike or under armour and the quality i believe is much better. If you go to the stores its basically monotone, blacks and grays. They havent moved
When this market stampedes those who make negative bets it can be spectacularly positive for individual stocks and the averages as a whole, like we saw today. Dow gained 69 points. S p climbed 2. 9 and nasdaq advancing 2 to a rec high we dont spend that much time talking about short sellers on the show. If you want to understand why the nasdaq hit those unwanted levels, its the shorts that made it happen. Theyve been a huge accelerant to the nasdaq rally. Theyre great at getting out Fraudulent Companies and overvalued stocks and sometimes going against the grain of the entire stock market when they think the consensus is wrong. Every now and then theyll attack stocks en masse, aang tackle so to speak. If the stocks fail to go down or manage to rally, the shorts can create a stampede when they throw in the towel and begin to unwind their positions by buying back the stocks they sold to close out the trade. That panic buying explains far more of this move than you might expect, particula
Bill gates and many others have taken the ice bucket challenge. The chief executive describes how this is a form of movement marketing. All that and more. Lets get headlines from su keenan. , fresh from his appearance Steve Ballmer has resigned from microsoft board. It comes eight months after his the parts are as ceo. Steve ballmer remains microsofts top shelf holder. Home depot with alltime highs. Second quarter profit topped estimates. Itemsses of bigticket helped to drive earnings. Another stock hitting a record high, apple. Investors look ahead to new products. Those may jumpstart revenue growth. Those are the headlines. Unrest ining ferguson, missouri. Police fired teargas at protesters. 31 people were arrested. We are in missouri. Our reporter was there when violence broke out last night. We join them by telephone from st. Louis. Tell us what you saw. The streets of ferguson, missouri looked like a war zone. Like the Foreign Countries where the United States military is operatin
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