based on 603,400 shares volume which until Yahoo
posts average volume, I can't make an "accurate"
comparison. However, my good sense tells me today's volume is
considerably higher than it's average volume. Of today's
144,000 shares traded on the bid
traded in the middle
365,000 shares traded on the
offer and the average price SKX shares traded at today
was $ 6.957. There were 347 trades that averaged 1739
shares per trade.
SKX closed at 7 unchanged for
the day on a last sale basis. The day's range was 6
3/4 on the low to 7 1/16 on the high. The closing
quote, at the bell, was 6 15/16 bid for 10,000 shares
offered at 7 for 30,000 shares, however, a two late
trades occured after the shutdown of the NYSE quotation
system which I will describe below.
I find it
instructive that in the final moments of trading and reported
after the bell so the quote couldn't change was the
42,500 shares @ 7
With at least 2 1/2 X more shares
trading on the offering today, it's indicative of a large
seller who simply left his sell order on the offer side
allowing buyers to bid for his shares. The late trades
that total 51,200 shares all @ 7 may turn out to be
the cleanup from this seller/sellers. If my suspicion
has well founded, then SKX shares should move up from
here on Monday morning. We shall see.
I hold to my contention that any buyers entering at
these levels will be well rewarded.
Have a great
weekend to all.
If your a day trader you might be able to use
axe's volume data but you would need it real time.Axe
says he looks at the volume data all the time but axe
can't predict where SKX is headed although he used to
try almost every day.As evidenced by the post linked
below,axe doesn't have a clue where SKX is headed.And there
are many other of the axe "special" posts that prove
that point beyond a doubt.BTW,axe -- are you talking
to yourself again?
All I see happening here is this stock trying to
form its first solid base. Really, you have to have a
base, where investors are comfortable, before you can
have any sustainable bounce. Only time will tell, but
I beleive that this base is forming at 7. Seems
that SKX bounces back to 7 whenever panicky sellers
take less. I'm very comfortable being in. Like Pickle
has said, there is much more chance of gains being
made than losses. But, as always, you pay your money
and take your chances...
Good luck to longs!
Have to repeat "the stock just doesn't act
right!" I have not seen in recent memory a stock not even
try to bounce back after a steep decline--something
is wrong here--
They can sell all the shoes
they want--the stock is saying something ain't kosher.
aways back, there was mention(Mangus)of a book
value of 1.11.
some do not agree...I found this
Looks as though our friend may be set to
Go baby, Go!!
Just as you are pushing SKX- TC%(% used extensive
exhaustive reasearch forensic research on abh to spearhead
my massing buying over many months. Interest was
enough to make feasible a new overlow site 95% devoted
Some of fruit of TC are being felt today.
However other stocks can also be usefully explored on
that site , and just a brief look see at your work
suggests you may be helpful. However site has a more
cautious culture and discourages pump and dumpings and
gratuitious spamming- no implication intended.
that site as I would to any stranger who provides info
which leads me to profits. I do not forget excact
personal tips such as those made by DMTKA, and would work
tirelessly to support anything he undertakes because I would
not have invested one penny in SCNI without his
expert guidance. That is right, sometimes a person is
"in the groove" on a stock, and even the DD does
fully validate those intuitions.
anxiously await the opening of SKX today. It
traded an enormous amount of shares just moments after
the bell on Friday. I suspect it may have cleaned up
the overhang that was laying on the 7 offer most of
the afternoon. In two blocks of 42.5 K and 8.7 K,
totaling 51,200 shares, that may have been just enough to
do it. If I'm correct, it may start it's move upward
Rememember, this is just
suspicion and a hope on my part. We'll all know in the next
15 to 20 minutes.
Have a great day today to
Just returned from germany & albania. Most of the
young women in town were wearing the high soled skecher
type shoes. Just my observation. And happyhampolice,
I'll take pickles spam any day. It's usually supported
by excellent research and facts. It's not spam, its
Prime Rib!! Try some.
Well, interesting comment on the shoes are on the
hit list of kids schools. I have a president of a
school board (second largest school district in
Colorado) that works for me. Guess what it takes forever to
get a dress code change and shoes (tennis shoes) are
not on any hit list. The bulky cloths are being
looked at carefully.
Even in Colorado (home of
Columbine) the move to control the dress of kids is
extremely slow moving and hard to implement any change. Why
(freeeeeeeeedddddddddoooooooommmmmmm). You don't take away freedom of choice because of
a couple of lunatics.
While I'm on the
subject - did they ban knifes because of Charles Manson?
Was there even talk of banning knives? NO
The first step of tyranny and totalitarism in a
country is to disarm the people. Guess what people their
trying to disarm us.
Enough - SKX is doing good
in the stores here in Colorado and I'm in full time
with my self directed IRA. Need this puppy to pop to
at least 10.
Good luck to all the traders of