SKX was over valued - They posted LOSSES for the last 3 quarters !!
They were only estimated to earn .10 cents THIS YEAR for all 4 quarters......what is this stock doing trading at $20 a share if they cant make any money.
Its been trading this high on the BOGUS upgrade from Sam Posner at Stern-Agee after the Q1 results.....which were losses !!!
This company pre-released its Q1 earnings to Hedge funds which ran it up from $13 to $20 and forced the shorts to cover..........it should have NEVER been above $20 a share while they are still posting LOSSES !!!!!!