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Skechers U.S.A., Inc. Message Board

  • reitkid reitkid Nov 24, 2010 11:00 AM Flag

    Let's see how she holds

    I didn't love yesterday's give back action in SKX since it is reminiscent of the days when this stock was acting like a dog everyday, and I was on the other side of the trade, but today is looking better.

    Let's see how she holds folks. I actually bought a pair of shape ups to give them my own evaluation. I'll let you guys know what I think after the holiday.

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    • I bought in right after earnings.

      Feels pretty good to me. Up 4 points in 3 weeks.

      I don't care if SKX gives back most of today's gains.

      I am not flipping SKX.

      SKX trading near book value.

      20% short.

    • Reitkid, it does "feel" different lately. The bad news is clearly in the stock, we are now near the levels before earnings and the earnings miss. The hedge fund purchase, the strong performance of other shoe stocks, the relative performance of SKX, all favorable.

      Also, some of the annoying shorts commenting every sinle day multiple times a day are gone. Hmm, maybe they worked for someone as Pepe mentioned.

      Seems that the mighty Gods finally decided that SKX is worthy (or at least they decided they had loaded up enough and could no longer manipulate it lower).

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