It is amazing how people react during a "downtime." Instead of worrying about the current downward trend NIKE is on, take a look at a few key points.
1. They have an unbelievable dominance in the "Global Market" 2. NIKE's marketing is the best this world has ever seen. 3. They have Phil Knight. 4. And more importantly-------Tiger Woods and Michael Jordan.
While everyone is on the NIKE bashing kick, wouldn't it be a better idea to take a look at NIKE's solid fundamentals and buy at these prices? Peter Lynch would, and look at the results he posted for Fidelity. Don't worry, if you have NIKE do not sell, and if you have the ability to buy........BUY!
I'm glad you said it so now I'll back you up. Peter Lynch...to get some insight folks,read his books and don't follow the pack like a herd of sheep. It can now be considered a buying opportunity. Slow down folks, think about the real issues. Don't expect instant gratification! And, oh...happy trading!