It's OK. He'll have his delusions to keep him company and keep him happy. How utterly strange. Someone else posted that this stock belongs in the $20-30 range based on an arcane mathematical principle that has no application whatsoever to stock movement. It's really interesting (and odd) how people get an idea in their heads and then defend it in spite of all evidence to the contrary.
Its not a good short now cuz I am going to go out tomorrow and buy a new pair of Nikes........ yeah....it should get some major ups from that!!!
Shorts must be nimble and quick. Now is the time to short Nike, because that party is over.
Cover below $60, or lower depending on the stock market.
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The Fed has proven it can take the market wherever it wants, by virtue of expanding it's balance sheet. However, if NKE is $120 at any point in the next year, I would guess the market would have to be in the most epic liquidity induced bubble that the world had ever known. We are not that far off from that right now, mind you.
I caught this interesting discrepency between the written prepared remarks (as posted on Nike's website), and what was actually said on the conference call (starting at minute 26). Apparently they slipped in an additional sentence on the call to clarify futures growth. It was not included in the written prepared statement. Here is the full paragraph, with the added sentence capitalized:
"...on a currency-neutral basis, NIKE Brand Futures Orders grew 11%, driven by a 6% increase in average selling price and a 5% increase in units. The growth reflects continued strong demand for the NIKE Brand, even as we anniversary robust prior year orders of Global Football product in advance of the 2014 World Cup. EXCLUDING GLOBAL FOOTBALL, TOTAL FUTURES ORDER GROWTH THIS QUARTER WAS ESSENTIALLY IN-LINE WITH THE NUMBERS WE REPORTED LAST QUARTER."
Sentiment: Strong Buy
Sorrry uou made the wrong decision. Sorry I didn't buy RHT and make a fortune in AH, and then dump it for a truckload of money. Luckily, I sold NKE before reporting, or I'd have dumped some of my investment in that overhyped company. Their shoes are garbage anyway and fall apart in no time, and made of the cheapest plastics China can provide them. I really hate the company, and only invested because I foolishly thought they would go up. Nothing but a greedy, money-grabbing company that produces good-looking junk.
UPDATE: RHT went all the way to $70! And on similar or less EPS and Revenue. Put that in your pipe and smoke it and realize NKE is way overpriced and has undelivered at that price, and with international issues in their sales.
You're delusional. Why don't you look at what RHT did. It went up tremendously with no better earnings, EXCEPT not the negative connotations NKE muttered under their breath, because if they hadn't, the media would have an expose plastered over the whole financial internet (except for the liars and those with unholy alliances with NKE, of which there are many.