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Home Forum Teaser Challenges and Solutions Buy This Jeans Stock Today for Big Gains Tomorrow

Buy This Jeans Stock Today for Big Gains Tomorrow
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12:20 pm
July 14, 2009


stockcrazy10

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From PennyStockWinners:

This 77-cent jeans stock is for trading.  Sell it to someone else at $1.20 within 24 – 48 hours.

Now, don’t go supposing that a 77-cent stock that’s strictly for trading is a garbage company. 

Indeed, this company is so in-the-right-place-at-the-right-time, it is uncanny.  Over the next 5 years, it is a splendid $20 – $25 stock, too.

…

Like many stocks in this category, the price of this 77-cent jeans stock will explode on earnings news.

Tomorrow, at 4:30 p.m., this jeans company will announce earnings.
           
That’s the FIRST surprise: earnings announcements were pushed up by 2 weeks—a very bullish sign.

The SECOND surprise: the newearnings announcement date is on the anniversary of last year’s announcement that the company had TRIPLED previous earnings.  Not only did they blow through estimates, but the stock leapt from $1.18 to $1.61, a 36% jump in 5 days!

Could it happen again?

Not only could it happen again but with a back-to-school pent-up demand this year, this jeans company is likely to add HIGHER GUIDANCE to blow-out earnings.

I took a wild guess and checked Joe's Jeans…

It looks like a good guess…JOEZ is 0.83, up 0.04…close enough to 0.77 for me and the conference call is 4:30 pm tomorrow:

Q2 2009 Joe's Jeans Inc. Earnings Conference Call (Live)
07/15/09 at 4:30 p.m. ET

What do you think?

1:13 pm
July 14, 2009


TV Guy

Vancouver CANADA

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yah…wish this post was in April when the stock was 30 cents , huh?

Gee…things look skinny here…not much in the way of sales….they only have 2 retail stores…and a mere handful of wholesale outlets.  They have done some housing cleaning by dumping all their other product lines.  A couple fo their guys (CEO + CFO) are still around after the changes at Innovo Group. Got a nice hit from some of the celebs who are wearing their product.  Other than that, all I could see is that their headquarters is in "Commerce California".  WAIT !!  Can we put "commerce" and "California"…two words so close together ???Cool


Can't see any fiscal reasoning or backbone……seems that it might be "creative writing" and hype…..both attributes that CAN drive a stock "up", huh??

1:14 pm
July 14, 2009


asafp

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Joe's Jeans Enters Into License Agreement for Children's Products 07/09/2009

This pre-earnings release should be considered a positive omen in my opinion. But, what the hell do I know?

1:21 pm
July 14, 2009


TV Guy

Vancouver CANADA

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Post edited 1:22 pm – July 14, 2009 by TV Guy

1:33 pm
July 14, 2009


stockcrazy10

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I think you're being cynical, TV Guy….Laugh


BTW, Joe's Jeans doesn't need retail stores.  Macy's carries the line.  (You can sell a lot of jeans at Macy's.)


asafp, I agree…the license agreement might be a good omen.  I don't know whether JOEZ can diversify beyond jeans…Guess did, so it's possible. 


The question is, will JOEZ pop on earnings, giving us a quick profit?   Or will JOEZ sell on the news.   In a more 'normal' market (if there is such a thing), we might be able to profit from a pop, but if GS couldn't do it, why should we expect JOEZ to?


Thanks for your comments.   I'll probably pass on this one.  I like the jeans, but that doesn't mean I should buy the stock.

2:25 pm
July 14, 2009


TV Guy

Vancouver CANADA

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I gotta' tell 'ya Stock Crazy….that DENIM stock you are talkin' about….. is looking pretty GREEN as the day ends !!!  Cool

2:44 pm
July 14, 2009


SMcGuire45

Reno, NV

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Nice call again SC10! You've been on fire lately! Maybe you should start an email service???? Laugh

3:26 pm
July 14, 2009


stockcrazy10

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Thanks, TV Guy and Weatherman.   Smile


JOEZ went up to fast for me.   I didn't buy at 0.83 and lost out.  Frown


We  may have seen the move up.   The tease was effective…either people subscribed to the service or found it themselves as I did (lucky guess since I'm familiar with the brand…).

3:41 pm
July 14, 2009


shredmonster

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Post edited 3:43 pm – July 14, 2009 by shredmonster

I am not going to touch anything related to retail with a 10 foot pole.  


Predictions are that there will be no Back to School season to speak of – Target is not having one for example – just new fall clothes.


And predictions are the Christmas season will be off at least 10% – after last years drop this is the biggest two year retail Christmas season loss ever should this happen.

8:49 am
July 15, 2009


asafp

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I picked up a few shares of JOEZ yesterday. Excellent sleuthing Scrazy!
What sold me was the pre-earnings announcement I discussed above. There was some guy selling a service that focused on pre-earnings announcements and of course, claimed huge gains from the strategery.
It's on the old forum somewhere.

I'm gonna take the money and run before they actually announce the earnings.

10:03 am
July 15, 2009


stockcrazy10

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I'm glad you did. 


I was too slow (AGAIN) and watched from the sidelines as JOEZ continued to rise.  I'm afraid it's too late to get in now.

10:27 am
July 15, 2009


asafp

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It's like we've reentered 2007 and early 2008 where there were a lot of bullish stock picks to sleuth. It's been gold and inverse funds from the "gurus" up until a few weeks ago. At least judging from my mailbox.

10:36 am
July 15, 2009


TV Guy

Vancouver CANADA

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Stock Crazy…..your Denim Stock  will have made you 20% since you last posted it !!   Good call.  But risky it was….don't worry about it….it was a coin flip instead of a solid decision.  Ahhh…don't worry…..20% is peanuts in this Big Game. Laugh

10:48 am
July 15, 2009


stockcrazy10

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20% here, 20% there…pretty soon you're talking REAL money, TV Guy.


I hate missing out on JOEZ after I sleuthed it…oh well.  Cry 


At least asafp is making some money!  Laugh

3:03 pm
July 15, 2009


stockcrazy10

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Disappointing earnings for Joe's Jeans…Frown


–  Net income of $1,325,000 translating into earnings per share of $0.02
    on a fully diluted basis.

–  Gross margins of 51 percent for the second quarter of fiscal 2009
    compared to 47 percent for the second quarter of fiscal 2008.

–  Second quarter net sales of $17,179,000, a 4 percent decrease over the
    prior year comparative period.


I hope you got out with a profit, asafp!

3:59 pm
July 15, 2009


asafp

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In fast, out fast. Wham, bam, thank you, ma'am. Only way to do these things. After seeing those earnings, I might think twice about gambling this way next time.

I pity the poor bastards who subscribed to PennyStockWinners and bought at todays market open over $1.00.

5:26 pm
July 15, 2009


TV Guy

Vancouver CANADA

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so why do they call it "pump and dump" ?? Laugh  I don't get it ??Wink

5:59 pm
July 15, 2009


stockcrazy10

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Because they 'pump' it up and 'dump' their shares at the inflated price!

6:32 pm
July 15, 2009


asafp

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TVGuy, I was thinking about the plumber. He promptly arrives when called and snakes out the drain quickly. After the lady of the house pays him, he says "thank you".

Get your mind out of the gutter.

8:37 pm
July 15, 2009


TV Guy

Vancouver CANADA

Member

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Hey Crazy One…I was just kidding in my question……this was a classic case of "pump and dump"  Laugh

asafp……choice of your words for "pump and dump" (post #19)…..snake,….and drain.,….Cool
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