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Opinions James Hodgins
Hastings EntertainmentHASTTOP PICKNov 15, 2010
Top Short Pair Trade going Short this and Long Indigo Books (IDG-T). Physical book market is in permanent decline and this company is stuck in the traditional bricks and mortar.
James HodginsOwned
$6.22
Stock price when the opinion was issued
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(Top Short Mar 17/11, Up 62.23%) Thinks the will go bankrupt in 6-9 months. BAMM-O is the same and got him 66.92% gain as part of this pairs trade.
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Top Short (A Top Short on a pairs trade Nov 15/10.)Physical bookstores is a dying business. Same-store sales is declining very quickly.
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Top Short Like some of the other small cap book retailers in the US, it is facing a dreadful market environment. Store sales are insignificant freefall.
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Top Short Double short. Borders went bankrupt a few weeks ago. One of the two remaining publicly traded companies without an electronic platform. BAMM-O is the same. There is no reason for these companies to exist any more.
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(Top Short Nov 15/10. Up 5.6%.) Pair Trade Short this and Long Indigo Books (IDG-T).
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