Courtesy of Dr. Paul Price at Market Shadows
Abercrombie & Fitch (ANF) had a big day after reporting sales and EPS well above estimates. See: A&F’s shares surge on strong 3Q report.
Short covering combined with new buying has pushed ANF shares up $11, or 35% today. That was despite a DJIA drop of 185.23 points.
I’m selling for the virtual value portfolio to lock in gains. I will revisit this position in the future because I still like the company and believe there’s future upside.
Current Virtual Value Portfolio (still working on a spreadsheet that will update itself):
November 18,12 Virtual Portfolio move by Paul here >