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RH - Restoration Holdings

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Brendan Cowie, May 27, 2016.

  1. Brendan Cowie

    Brendan Cowie Active Member

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    [​IMG]

    Restoration Hardware Holdings, Inc. (RH) is a holding company. The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and children's furnishings. These products are sold through the Company's stores, catalogs and Websites. The Company operated a total of approximately 67 retail stores and over 17 outlet stores in approximately 29 states, th e District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. The Company's retail stores are located primarily in upscale malls and street locations. The Company operates stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Michigan, New York, Pennsylvania, Texas, Tennessee and British Columbia, among others.
     
  2. Brendan Cowie

    Brendan Cowie Active Member

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    I'm looking for 40 on this in short order. Less than 2 weeks
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Opened a position in RH today as it's in a short-term uptrend, as well as MACD crossover and RSI heading back up out of oversold. Looking for a quick trip up to the 50MA at $39 for an 18% profit or possibly up to resistance at $45-$46.

    upload_2016-6-2_0-5-50.png
     
  4. Brendan Cowie

    Brendan Cowie Active Member

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    Earnings next week so be aware of this binary event. I hope to be out by then. I have 8 32.50 calls June which are already up nicely.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    You're right, forgot about that. Maybe a big day or two in the market can get this up near the 50MA before then.
     
  6. Brendan Cowie

    Brendan Cowie Active Member

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    This thing is volatile just look at the chart. This can move 1.50-2$ a day no problem.
     
  7. Brendan Cowie

    Brendan Cowie Active Member

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    I wouldn't hold this into ER. Wed AMC
     
  8. T0rm3nted

    T0rm3nted Moderator
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    I agree. I'll be locking up my profits tomorrow most likely, maybe Wednesday sometime before close.
     
  9. Brendan Cowie

    Brendan Cowie Active Member

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  10. Brendan Cowie

    Brendan Cowie Active Member

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    I messed up this trade. I had too many calls and chickened out friday for breakeven. I bought 200 @ 33.50 but man... if I sold now id be up 1500$

    I had 8 calls which was too many. I should have had 4

    I struggle with this constantly.
     
    #10 Brendan Cowie, Jun 7, 2016
    Last edited: Jun 7, 2016
  11. T0rm3nted

    T0rm3nted Moderator
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    I entered last Wednesday at $32.95 and exited today at $35.68 for a 8.29% profit. I definitely did not want to gamble through earnings, and wasn't sure if it would rally into earnings tomorrow. Maybe I could have gotten a better price before close tomorrow, but we'll see.
     
    Brendan Cowie likes this.
  12. Rock Sexton

    Rock Sexton Meat Popsicle

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    I screwed up my positions badly too. Over the last week or so it's been sloshing back and forth and I paper-cut the hell out of myself. Should've just stuck with my original 1000 shares at $31.52 that I snagged on 5/18.

    If it beats earnings I am going to ass-rape this thing. $39 was the POC for 2015, so would be looking for a reversion there.
     
  13. Brendan Cowie

    Brendan Cowie Active Member

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    I feel your pain Rock I feel it good.
    I would be up 2000$ if I was still holding. No way id have held into ER though
     
  14. Rock Sexton

    Rock Sexton Meat Popsicle

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    It's makin' pre-earnings moves today. Man I'm so pissed. Part of me wishes I had the balls to take a shot with another 1,000 shares and hold thru earnings.

    Would help to know what the implied move was from the options numbers for the earnings report. Again $39 is the POC and the high end target on a good earnings would be that $43-44 level (previous bounce high from this past spring).

    There's positive divergence all over this thing so a fundamental catalyst like good earnings would pop the motherloving cork.
     
  15. Brendan Cowie

    Brendan Cowie Active Member

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    Yeah it sucks
    We had really good entries. Such is life. Can't say I've never been here before multiple times
     
  16. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today (6/8/16)
    Earnings: EPS -$0.05 Revenue $455.5M
    Estimates: EPS $0.05 Revenue $452.14M

    Down 15.70% after hours so far

    @Brendan Cowie @Rock Sexton
     
  17. Rock Sexton

    Rock Sexton Meat Popsicle

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    Yup .... saw that. That's why we don't gamble on binary events like earnings.
     
  18. T0rm3nted

    T0rm3nted Moderator
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    That's why I was curious why you guys were upset you sold. I thought all news and expectations pointed to missed earnings.
     
  19. T0rm3nted

    T0rm3nted Moderator
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    Glad I exited!

    Down nearly 17% after hours now.
     
  20. Rock Sexton

    Rock Sexton Meat Popsicle

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    Well I was mostly upset because I had a nice position two weeks ago that I squandered and the weekly chart setup was still nice. No matter how much I b*tch about it, I still won't trade earnings - even if i really like the chart.
     
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