Price now hit at an all time low, so no support to hold the bulls position. I'd be looking to hedge short until I see enough of a base or retracement to warrant going long. Most likely heading to broker ratings of 1.10 or less tomorrow.
Only retailers that have not been significantly impacted by the interest hikes seem to be performing well or subject to buy backs - TPW/KGN.
The sector will be good for the longer term trades provided the company can hold it's ground. Next announcement for BBN will probably just refresh how bad a position it's currently in and may further panic the market. Will see if it gets priced in now or not.
Price now hit at an all time low, so no support to hold the...
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