Abercrombie & Fitch Co. (ANF)


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.

JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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