This is what I dont like about posters... they assume too much and are just as out of line as those they criticize IMHO. I was a HBI shareholder before selling that to buy SKX last week. I disliked HBI after learning more about mamagement AFTER I bought the stock. And the pro HBI posters would assume all the things you are about another poster(Mitch)..and telling them what to do like cover your short, or sell..... What a waste of time. Speculating about stocks is hard enough... And to say any company can not pull anything over someone is WRONG.. Yjere are alot of examples... look at CD..Cendant, how about Boston Chicken... I am always sceptical and think management often thinks of their self interest first.. like golden parachutes, etc. Nice to see SKX up today thought I wanted to buy more and was waiting for the fed move.
How could Skechers pull something with the money they got from the IPO when it is clearly stated what they are doing with the money. Mitch was claiming that something was wrong because they used the money to pay back some of thier own intial investment. They did that with full agreement from Alex Brown. They didn't do anything hidden or underhand like he SNIDLY is trying to IMPLY to put FEAR into investers.
I have no problem with questions about mangement or if somebody wants to bring up negative comments. My problem is with people who are trying to create fear and lies and that bothers me a lot. Look carefully at his posts and you can clearly see,he is not a concerned investor, rather some one with a very negative and derogitory take on this company.
As far as my advice to cover shorts after the company has come down 50% from its highs, thats just common sense to ANYBODY.
Althou I hope that it does not take off too quickly because then we will have too much selling in it. Best course is slow and solid gains week by week. The patient investor is usually rewarded, and while we have a ways to go, I am feeling good right now.