KSS Kohl's huge move up for accepting Amazon returns

CET said:
Is anybody playing this move short or with puts? The size of this move seems absurd.
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This stock does not look like a short candidate. Looks like it is least going to 80.
 
fan27 said:
This stock does not look like a short candidate.
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Agree. Wouldn't short this right now.

Kohls corporate and stock investors recognize there will be additional foot traffic. Hoping that will turn into a "new sales market". Likely so, but to what degree?

The "hope/expectation" for this positive development could push the stock quite a lot higher. Just have to play by ear.

(If an investor were tuned into this from the news, the correct technical play would have been to "buy the open, expecting a gap-n-go day". After that, it's figure it out on the fly.)
 
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