Take 312% Gains on BJ’s Wholesale Calls

BJ’s Wholesale had a blockbuster quarter and from its earnings call this week we concluded that Wall Street earnings estimates would rise sharply. There’s still more upside to this estimate, but it’s likely to occur closer to BJ’s next quarterly result in three months. Considering the remarkably strong rally in two days, let’s take gains on this position now and look for another potential entry point in the future.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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