If you do not believe me , just check the pre market , extremely active even at 7:30 EST, pulling higher. These are smart shorts covering.
NKE is a darling of the street. You would find out that your short position will hurt you bad.
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I'm not so sure being short (via Puts) is that risky for the next quarter or so. All the analysts praising NKE throughout 2015 with no negatives means its a crowded long trade. I would rather take the other side of the crowded trade. NKE has been on a roll, hitting on all cylinders for 2015 and very unlikely to repeat that performance in 2016.
who are you trying to convince? And why? You've been posting your short theories repeatedly, the same chart garbage over and over. Who are you trying to sell? Good for you, your short is in the money! For me I will stay long, collect my dividend, buy the dips and eventually, watch you all cover.
Sentiment: Strong Buy
This isn't shorts. You need more experience. Have you looked at the volume? (20 mil shares versus 4 mil daily average). Have you seen how any moves up are undone in one bar? This is one or more funds selling. For what reason, who knows, and who cares. All that matters is recognition of big volume selling and don't fight it. And, tomorrow a huge buyer could come in, that's all speculation. Today, the seller(s) are in control.
because of stellar numbers this quarter 4 of the top analysts increased price target to $150 for the year.
today there were many buyers. unfortunately the shorters came out of the woodwork. volume up over %400.