I too decided to throw the towel on the EA short.  I agree.  Analysts have been giving insiders at all companies all kinds of cover.  As long as rates remain low, this market will continue to defy those of us who know this will change once rates begin a multi year uptrend.  However, in the immediate and mid term, that is highly unlikely to happen.  With Europe in negative rate territory, it is likely to keep the Fed in place at least through end of year, and IMO possibly until next year.  This will keep fueling stocks, likely until they reach bubble territory.  I gotta keep myself from going short anything!!!

Me too, earlier this morning. Well, covered half for a loss, and sold $55 puts expiring this weekend for $0.90 on some of the remainder. As I posted recently, there's a gap large enough to drive a truck through with respect to their revenue and non-GAAP eps forecast for Q4 compared to last year, and the BFH weakness shouldn't have a significant effect on the FY because it was so close to the end. They will guide for growth in the coming FY, the question none of can know the answer to is whether or not that will be ahead or behind analyst expectations. This early in the year, they can say what they like since it will inevitably be holiday quarter loaded anyway. There's no telling how long EA can run with a high valuation (now 22.5x FY16), and now the overall market is running on China stocks bubble and QE front running, plus the realization that a rate hike is forever six months in the future. I'd rather be able to sleep at night and consider trading post-earnings, than hold a large short through it.