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Any reason why ANN is taking a beating? Is it the J. Jill silence?

ANN is ~10% of my portfolio and I'm looking to cut back a bit. Is this a bad time to do so with the stock taking the recent beating? Obviously I would rather wait if a bounce is expected. Also, should I consider holding through the holiday shopping season?

Piper Jaffray put me onto this stock in May. I've now taken over my own finances and am trying to decide how much I should keep.

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