Lesson of the day for IGNORANT NKE long BAGHOLDERS
Well, ladies, bottom line is this: this NKE joke FAILED completely in breaking its new SOLID RESISTANCE point at 53.00....in fact, it could NOT even manage an intra day break above that RESISTANCE point....and that is MASSIVELY BEARISH.
As I have tried to teach my sweet NKE SUCKERS.....given the very DISMAL performance this past week in the NKE donkey, where it IGNORED a 500 point rise in the DOW....given that it DIVED immediately after its preposterous, illogical, and unwarranted 2 for 1 share split, an event that normally sees most genuine bull stocks roar upward immediately thereafter.... given that it received PHONY PUMPS from both Old Baldie and Motley #$%$, yet struggled to gain PUNY PENNIES gains.......and given its inevitably AWFUL fundamental picture as CONFIRMED by today's rotten earnings results announced by FINL......then this week's NKE performance happened to be ROTTEN ROTTEN ROTTEN, and CONFIRMS my ULTRA BEARISH forecasts that this equity is on the verge of a FULL CRASH.
Ladies, god help the AMATEUR DUPES who hold only pure long positions (especially the ultimately WORTHLESS calls) in this kind of BEAR market doggie without some kind of pragmatic PUT protection. Enjoy a FAST ride to single digits this year....and now off to the golf course where stock market WINNERS play while all the suits and ties toil in quiet desperation LOL LOL LOL
I am pleased with the gains lately and took a good sum off to be on the safe side. Give me some 10 % pull backs and I will be ready to return and see how it goes again. Still a great company anyway but great ones attract sometimes to much buying all at once.