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Nike, Inc. Message Board

  • siteobserver2012 siteobserver2012 Mar 21, 2014 12:52 PM Flag

    Sell the News, Buy the Drop, Ride the Recovery

    The most profitable play this morning was to take advantage of the "sell on the news" crowd - short the opening, cover quickly, buy the drop ((75-76) then ride the recovery after the profit-takers are washed out. This will recover to 79-80 helped by short covering. Note that the analysis that says "guidance is weak" seems to overlook the fact that NKE ALWAYS issues cautious guidance, but at the same time, always seems to beat the street and show strong financials even when market conditions are weak or challenging. Focusing on growth markets, share value and technological innovation makes this a long term winner. I'm long mostly at 70-72.50 with a small amount at 77. I was glad to see NKE drop below 76 this a.m. which was a good buying opportunity.

 
NKE
97.1201-1.6299(-1.65%)12:28 PMEST

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