August 25, 2006
Chico’s Outlook Turns a Little Bleak-o
Chico’s has been a huge winner for many years, but management warned this week that fiscal 2006 earnings would be below expectations. Of course the market anticipated this *months* ago, and everyone paying attention to the charts knew something was wrong back in April.
All serious investors pay close attention to stock charts (especially relative performance charts) because they understand that stock prices reflect all public and non-public information.
Cat: | Time: 11:05 am (utc+8)
August 25th, 2006 at 12:35 pm
CHS also happened to be nice little dummy play with the 10:30 15-minute bar.
August 25th, 2006 at 2:05 pm
Brant: I hadn’t noticed, but I’ll take a look at the intraday chart later… it was certainly an “unusual suspect.”
August 25th, 2006 at 5:50 pm
what does the “hrm” in the top chart signify?
August 25th, 2006 at 7:42 pm
chad: “hrm” as in “uh-oh” or “it ain’t looking good to dude, dude.”
August 28th, 2006 at 5:44 pm
[…] Michael Santoli wrote about Chico’s: “Glamour stocks with high multiples from companies that have generated too much confidence in their ability to hit their numbers make exceedingly poor risk-reward investments over time, unless you know the perfect time to exit. And nobody does.” Well, some people do. […]
August 31st, 2007 at 8:30 am
[…] Notable New Lows: Mueller Water (MWA), InfoSpace (INSP), Energy Conversion Devices (ENER), Chico’s (CHS), and Coldwater Creek (CWTR). Readers may recall my post from just about a year ago: Chico’s Outlook Turns a Little Bleak-o. […]