Search Results for “aeropostale” – Slope of Hope with Tim Knight

Why I Shorted Aeropostale

By Tim Knight - 13 years ago (20, May 2011 8:24:34 AM)

Earlier this month, I had a nice profit from Aeropostale. I covered, and it spent the next couple of weeks (circled below) noodling around. I re-shorted it yesterday for a couple of reasons;

(1) It had the makings of a huge, huge head and shoulders pattern;

(2) More importantly – and this is very "un-chartish" of me – it was just about the only maker/seller of clothes that wasn't soaring to the moon. Everything else – be it ANF, LTD, LULU – seemed to just lurch skyward. But Aeropostale must be out of favor amongst consumers, so I figured that anything this weak in the face of super-strong industry brethren must have real troubles.

I have, just as I did earlier this month, covered to take profits. But I daresay this stock could be in the single digits within a year's time.

Aero to the Knee

By Tim Knight - 10 years ago (23, May 2014 11:25:43 AM)

I have been writing snarky posts on Aeropostale since I first shorted it in May 2011 (noted with an arrow below). There’s firm support at $0, obviously, but it just goes to show that, even in this day and age, some downtrends can actually persist.

0524-ARO

Bell Bottomless

By Tim Knight - 10 years ago (18, Mar 2014 9:09:07 AM)

I harp from time to time about how the bottom of a chart isn’t “support”, and I used the recent example of Aeropostale to show this (although, as I’ve drawn with the red line, I think it’s ground down to a decent support zone at the moment, which should give it some time to breath before it takes its next tumble): (more…)

Me and My ARO

By Tim Knight - 10 years ago (13, Mar 2014 6:16:42 PM)

A little over a month ago, I did a post about Aeropostale called A Matter of Perspective. The main point of the post was that just because a chart’s price was near the bottom of the graph doesn’t mean the price can’t go lower. Well, now that ARO has posted its “pitiful results”, the stock is slumping 12% after hours, and I imagine a year from now it will be much, much lower. I’ve marked an arrow on ARO to show where it’s trading right now. Firm support is at $0.00. (more…)

A Matter of Perspective

By Tim Knight - 10 years ago (04, Feb 2014 11:06:35 AM)

Well, so far today the market is rolling forward As God Intended, and I sold my SPY, thanked it very much for its profit, and am pure bear again. One of my positions is Aeropostale, symbol ARO. Looking at the 10 year daily chart, which is my usual perspective, I was wondering if it was “bottoming out”………. (more…)