I just gave my opinion of the near future. .50 to a 1.00 short is nice for a day or two of work. I would like 10 or 20 thousand that quick.
Quick in and out shorts like me will be what supports the stock when it does start to fall by covering.
He can criticize me all he wants. I stand by my statements. It was nice talk but this market requires show me. BBT was the only 18 buck upgrade. When SP and others follow then it deserves attention. BBT would upgrade anything they have an interest in. He is not talking to someone that does not know BBT very well. Much better than anyone on this board.
S & P raised their price targt, but remainded a sell.
S&P MAINTAINS SELL OPINION ON SHARES OF SKECHERS U.S.A. (Standard & Poor's) Q2 adjusted loss per share of $0.31, vs. $0.82 EPS, is $0.03 wider than our estimate but in line with consensus from Capital IQ. We expect SKX's results to benefit from new kids lines and updated adult lifestyle and casual collections and expense reductions beginning in Q3. However, near-term visibility remains limited and inventories are still high despite the company's aggressive clearance of 2M pairs of original Shape-ups in Q2. We cut our 2011 EPS forecast $0.10 to $0.70 (before one-time items), but raise our target price by $3 to $15 on revised EV/EBITDA valuation.
Came out of my brokerage account I can not post the link. I can usually google the headline and get the link, but not this time, sorry.