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Nike, Inc. Message Board

  • makingdoe makingdoe Dec 19, 1997 7:54 AM Flag

    nike was a quickie

    i bought shares of nike at 46 the day the market dropped.
    that was a month ago ( i believe)

    honestly, didnt look hard enough at the future, i.e, slowing demand, inventory glut, ect. past numbers were great.
    (thats why its not just numbers to scrutinize.)

    usually weather the storm, but seemed too big.

    after getting a "feel" or sentiment from reading all the message boards, i sold the day before the announcements at 44.25
    just didnt want to get caught if it did drop big time.

    this paid off. earnings an year predictions way down.
    see stock at near 30.0.

    wont buy then untill earnings picture is clear. sure it wont be the growth as in the past, but will want to know what expectations will be.

    see you then, maybe

 
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