although I am neither short or long on
this stock, I have been
checking it out for a
little while. I have to disagree with the recent comment
that Nike are "arrogant(?)" in Europe. I live in
Europe myself, and think that Nike have a very
Although NBA advertising doesn't count
for a lot here, soccer ads do, and Nike make
excellent ads, ,most recently with the Brazilian national
team playing in an airport. Their shoes are very
popular as they are in the US(unlike Airwalk+Cons which
nobodies here), and as long as they continue
to strengthen their soccer ties then they should
have no problems for the forseeable future.
Back when the basketball strike was still going,
Nike was way down from where it is now and I made my
entry at 40.25. But that's as close to market timing as
I'm going to go - I saw a giant being battered.
Buying now might not be the greatest time, but it's
certainly not time for me to sell.
* Institutional Money Flows: The Fed's decision
to raise the Federal
Funds rate by 25-
HERE IS JP MORGAN STOCKPICKS YOU
* Nike (NKE) reported FY99 4Q earnings before
items of $0.38 compared
with a loss of $0.23 in
FY98 4Q. The results were a penny ahead of
First Call consensus estimate. Nike cautioned analysts
raising FY00 estimates, noting that while
worldwide orders are up, the
environment in the US remains challenging.
I wanted 66 or so...actually sold a little a few
weeks ago at 64 and change...was counting on the
earnings to get it over the hump from 63 the second go
'round, but yet again it bit me.
I've no doubt the
company will pay off in the long run...I'm just too fed
up with waiting on it. I'll find some better long
I paid 33 for my NKE in 9/2/98. I'm thought of
selling but I ended with 305.9865 shares due to my
accidentally checking the dividend re-investment button. Any
advice out there? Is this still a good stock?
I've had the stock for 2 years, so I wouldn't say
I'm a short term player. No, I didn't buy on the
dips, but held patiently waiting for some semblance of
a turnaround...and was repeatedly frustrated. I
didn't lose money, thanks to the run up, but sure didn't
make much more than a percent or two on my
I love their products, and I wish the holders well,
but I've had enough. Good luck longs.....
Nike is not a short term play. anybody who picked
up NKE at $35, the last time the short sellers were
out, can't complain a whole lot about the stocks
performance. You're right, you should do your own homework.
That still applies. Look, Nike is still "struggling"
with US operations. European operations are actually
quite strong and Asian operations are improving. The
facts are that Nike is providing a profit *even* in a
very soft US market. Short away, give me another
opportunity to load up. I plan on selling this stock in
December--- OF 2010!!!!!!