NKE = trading in established BEAR market trading pattern
Ladies, ALL BEAR stocks typically open green (as this NKE joke did yesterday), then give away most of that gain by close of market trading. THAT is a long established BEAR market trading pattern.
Yesterday, this pathetic NKE joke SURRENDERED 95% of its early AM gain by market close, providing THE WORST TRADING performance I have ever seen any mainstream stock provide during a 300 point DOW gain.
Ladies, it's a NKE BEAR, one that will see it trading in single digits, for MANY MANY MANY years to come, and god help the poor AMATEUR DUPES who can not see the OBVIOUS, and who hold only pure long positions without any kind of SHORT or PUT protection in this CONFIRMED BEAR donkey.