Greetings regards,
Caleres is a global footwear company. Their shoes are unremarkable. Maybe some people like them, it doesn't really matter. They exist in a competitive market and without any special degree of brand recognition. If you wear those shoes, okay good for you whatever. Not really the point of this post.
I come bearing great news for the Degenerate Online Gamblers (DOGs) here on WallStreetBets. Technical Indicators suggest a massive drop over the next few weeks. These indicators exist in a beautifully pessimistic context for the company – on September 17th, they missed their EPS by 31%. On top of that, they are facing lawsuits from shareholders – standing accused of securities fraud.
I have a simple position – 3 puts at $30 strike price expiring 10/18.
This is not financial advice. But it is comparable to noticing a limp on a horse at the track. Good luck idiots.
Caleres (CAL) is about to plummet
byu/flabbyflipflops inwallstreetbets
Posted by flabbyflipflops
13 Comments
[deleted]
Are you not worried about volume? Seems like there’s low interest in the stock
I’ll give you a better looking chart for the bears. It’s been oscillating for the whole year, but regardless, nothing guarantees the future.
https://preview.redd.it/axsn248is7td1.jpeg?width=1367&format=pjpg&auto=webp&s=ff2ebf3e2d8e7f183be2233ac89bae261d1bc9c2
These low effort AI DD posts are getting bad
WSB disagreeing with you… You are probably onto something.
You have $60 whole dollars on the line eh?
I’m not an experienced charter, but couldn’t that wedge be construed as consolidation at a bottom before an upward breakout?
Calls on CAL! Soo freaking bulli💲h.
TA should be banned, I’m sick of wasting my time clicking on a thread and getting half way through just to see tEcHnIcAl iNdIcAtOrS.
I’m here for harebrained analysis and bad logic, not the output of a fortune-telling website
That chart isn’t bearish. Not yet anyway
Market is bullish on this one player. I’d say buy a $30 put and call it even. As the stock continues to go up if we just let it ride I think it would probably be profitable x3 or maybe even x4. I’d say for low level technical analysis this feels pretty solid
Honestly you’re probably right or wrong about the price action, but there is zero volume on that options chain. Won’t be able to get out without exercising.
Darn I thought you had actual insight not just voodoo TA.