think there is an argument to short, but not particulsrly b/c of the factors you mentioned.
rising tide can lift all boats so IMO so success of Myer will not necessarily lead to drop in DJS. DJS a lot larger market cap wise and a reas % of the Myer offer will be retail.
considering going short + writing short-dated OTM puts to generate some yield and provide some cushion if the stock continues to rally. Vol on this stock is quite high which is obviously an advantage when writing options.
DJS Price at posting:
$5.34 Sentiment: None Disclosure: Not Held
