First things first, RCII was downgraded today, and at one point was down over 20%. AAN on the other hand, shot up like a rocket, and is currently up 15%.
It's actually very interesting, the AAN numbers were great, while RCII were a little lackluster. I listened to the RCII call, and some of the analysts were disappointed with RCII performance compared to AAN (and we can see it in the stock movement today).
However, RCII is calling for one of their "better Aprils", which is promising. So, I held my nose and bought the dip, pull back, debacle, or whatever you want to call it...I purchased RCII June 17.5 calls.
So my pairs trade, short TGT, long RCII is currently in affect....
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