pre-market is red = another awful week for NKE trash
Even with the futures in the green, this MEGA-bubble is imploding pre-market......and its performance since its totally preposterous unwarranted split has been THE WORST I've ever seen in any stock in all my years trading.
That is MASSIVELY BEARISH and as I demonstrated previously, it now has a MARKET CAP range of 51.00 to 53.00, with that top figure being the absolute SOLID WALL of RESISTANCE .
So amateurs need to ask themselves: do I really want to own a stock whose greatest potential gain is merely 2.00 even as it potential DOWNSIDE RISK is some 51.00???? Answer: only the dumbest amateur idiot would assume a long bet in a stock whose DOWNSIDE RISK far far far far far outweighs its maximum potential gain.
It's all about the technicals, ladies, and this NKE joke now has THE WORST ever.