Thanks to the fantastic earnings report last week, this short squeeze should continue, since shorts need at least six days to cover, based on the latest short ratio. By then we could be close to 20! Thus far we’ve only seen the launch. Lift-off will commence shortly.
Q
Macy’s longs: you can all help this short squeeze go further by either converting the account in which you hold your shares from a margin to a cash account or by setting up a GTC (good still cancelled) sell limit order at some high price. I set mine at $80 per share. In either scenario, your brokerage cannot loan your shares to shorts.
D
Short Holders, Macy's was a bargain at $18 before Covid. When it dropped I though it was a great deal at $12 then $10, then $8 then $6 and finally stopped buying at $5. It HURT waking up every day to see more pain every day but I accumulated over 30,000 shares. It hurt bad! the drops were unforgiving! Cover your shorts because my hurt is now my reward watching the reverse happen. It won't end you will wake up every day seeing more pain and higher prices on M stock. You had a VERY LONG time to reap your rewards now it's over. Macy's has it's place in retail, it will not leave it has Direct to Consumer business that is growing and had the PERFECT chance to cut stores it was closing anyway. It now feels good to wake up every morning as see GREEN in my portfolio and I will not sell. I hope other longs will take this opportunity to hold on to their shares. I hope hedge funds and others that shorted and shorted and shorted to bring the price down now get what they deserve 100 million shared shorted and no way to cover. SHAME ON YOU!
o
One small step for Macy, one giant market recovery..
o
look at XOM popping... Just telling you recovery trade in the gear.,
S
Once it breaks this $11 resistance (Hopefully by end of today), it'll skyrocket to $12 or $13 tomorrow. Buy now!
S
You can see a short, medium and long term bullish trend. Macy’s online sales continue to expand and management is doing everything to cut cost without losing customers
W
Finally back in the green here. Better days ahead. Congrats longs.
J
every day for the last 6 weeks I have added 500 shares at the open, and my plans will continue, every morning with coffee, i add 500 shares. It is nice to be rich. Macy's is a legend and it iconic. It will be $20 by end of Q1 and 30 by mid summer, write it down, mark my word.
o
GPS is near 10B market cap... We have a lot of upside to go.
S
Positive EBITDA one quarter earlier than anticipated, strong cash position, over 1.6 billion, 3 billion additional available in untapped revolving loans, digital strength improving, strong inroads into social media to include multiple affiliate marketing platforms to include LIKEtoKNOWit, continued growth with BlueMercury and their private label cosmetics, margins grew by nearly 13%, GLA costs nearly a half billion lower, they are doing the things that they need to, not only to survive Covid, to thrive in an ever changing omni-channel retail landscape. Good report at the beginning of the day.
K
43% shorted ?... back to $30.00 ? .
D
This stock is obviously grossly underpriced due to covid. Macys stock will steadily return back to precovid prices and beyond. $30-70/share
H
Sold pre market at 9.25 something told me to hold but I didn’t. Locked in $$. GLA and congrats
T
Imagine the Macys share value after the vaccine is dosed across the world over the next few months. I bet the huge dividend will be back soon too!
B
Multiple upgrades are coming. Many sell ratings are now turning into hold.
S
Yahoo didn't allow me to post my reaction on Macy's so trying a shorter version. If we all place a GTC limit order to sell, shorts will have less shares to borrow against
D
One question you need ask yourself as an investor. Would Macys business and stock price have been affected like this if covid had never had happen? Would they have had to close all their stores and cut the dividend if not for covid? The answer is this is an anomaly or a brief unusual event that is temporary in nature and present an amazing opportunity to buy this stock at a price so cheaply that otherwise you would not be able to. This covid has made Macys future far brighter long term. Many of its competitors are gone They put their online business on steroids. The dividend soon will be restored as will their normal sales and earnings. Further, I see Macys becoming a growth company due to gaining market share and soon improved margins.
J
This short squeeze will continue as it approaches its pre covid price. Good luck to all.
S
Like most of you, I was worried at the open this morning but held fast to my believe that it would reverse course before the end of the day. Now I am happy a turned away from the screen as it approached $8.00. 40% of the outstanding shares of M are still short but it is shrinking, it went from 6 to 5 days to cover. Which means that over the next 5 trading days I expect the share price to increase. History also confirms a high price 10 - 20 days from now, based on earning surprise. I don't just trade M, I also believe in their get well strategy prior to Covid.
Cover your shorts because my hurt is now my reward watching the reverse happen. It won't end you will wake up every day seeing more pain and higher prices on M stock.
You had a VERY LONG time to reap your rewards now it's over.
Macy's has it's place in retail, it will not leave it has Direct to Consumer business that is growing and had the PERFECT chance to cut stores it was closing anyway.
It now feels good to wake up every morning as see GREEN in my portfolio and I will not sell. I hope other longs will take this opportunity to hold on to their shares. I hope hedge funds and others that shorted and shorted and shorted to bring the price down now get what they deserve 100 million shared shorted and no way to cover. SHAME ON YOU!
.
Macys stock will steadily return back to precovid prices and beyond. $30-70/share
Would they have had to close all their stores and cut the dividend if not for covid?
The answer is this is an anomaly or a brief unusual event that is temporary in nature and present an amazing opportunity to buy this stock at a price so cheaply that otherwise you would not be able to.
This covid has made Macys future far brighter long term.
Many of its competitors are gone
They put their online business on steroids.
The dividend soon will be restored as will their normal sales and earnings.
Further, I see Macys becoming a growth company due to gaining market share and soon improved margins.
https://content-az.equisolve.net/_945010ad0f792d34a09e8033ab1a2e2e/macysinc/db/361/6425/pdf/Macys+Third+Quarter+2020+Earnings+Deck+11.19.20+FINAL.pdf