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.
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).