Abercrombie & Fitch Co.(ANF) reported earnings this morning that missed estimates. The stock is currently off 11.61% at $40.10. Folks selling and shorting the stock on fundamentals, will soon learn a powerful lesson. Abercrombie & Fitch Co. (ANF) has more going for it then just it's recent earnings and we think a bounce is in the cards here intra-day.
Disclosure: We are holding $42/$43/$44/$45 May calls.