I have been licking my wounds since earnings...
The problem with DECK is that the shorts are betting that Uggs are a fad...and they can wait 6 months, 1 year, 2 years, 3 years, etc for this to happen. There is no penalty to shorting for YEARS.
Did anyone else see that Steve Madden Shoe Co - SHOO - announced a $1 special dividend? That is a way for management to cash in on their stock without having to sell it. Otto could make $1.5 to $1.7 million without having to sell a single share. I believe that DECK has no such plan and currently has too much of capital tied up in inventory...but think how sweet it would have been.
Shorts have been right so far. No one knows what will happen long term. My only prediction is that there will NEVER be a short squeeze unless SEC takes some action against naked shorts in general. And that this stock will remain heavily shorted for years. Unless bought out or if it could make a super acquisition of its own.
Alas...I already have enough tax losses for this year...so will probably hold onto DECK for next year's tax losses.
"I'm sure some people are reading this."
That is about as intelligent as saying "I'm sure some people MIGHT be wearing shoes so I will open my own shoe store just in case!"
It's a message board...of course people are reading it!
>>Well, he has me waiting, if no one else. I'm the guy with 2 ID's, not 8, and just for the sake of proving how easy it is to be a sham. I actually made posts on the recently acquired ID that are countable on 2 fingers, if you can count at all! And if you can, imagine what the 3 fingers I am pointing your way mean! Texas should be number 1, but I'll save that for another occasion.
if anyone needs a perfect example of incoherent babbling, you can't beat the above quote
Well, he has me waiting, if no one else. I'm the guy with 2 ID's, not 8, and just for the sake of proving how easy it is to be a sham. I actually made posts on the recently acquired ID that are countable on 2 fingers, if you can count at all! And if you can, imagine what the 3 fingers I am pointing your way mean! Texas should be number 1, but I'll save that for another occasion.
You are perfectly correct - most of these guys are idiots. However, there does seem to
be a lot of conflicting opinion. Can you say
how you're particular situation might be explained? There's no question Deck had a pretty darn good quarter. The stock price is subject to the whims of just a very insiders
and institutions, and they can profit tremen-dously by being able take advantage of price
movement. So, they move it at will, and will continue to make tons of our money doing so. I hope they decide to move it back up there pretty quick! In watching the trading, it's pretty silly how unreasonable the trading seems. It's pretty much just a circus at this point. But, don't be surprised if they jump that sucker WAY BACK up there. Hope that's their plan in the near, VERY NEAR, future before my Dec. options die! Sounds
to me like the new acquisitions ain't that
great, though. Wish it were just UGGS.
They sold around 40 million of inv. in 3rd qtr. If they sell 40 million in the 4th qtr (they are projecting eps about same as 3rd qtr), and bring in limited amounts of new inv. (delaying TEVA till 1st qtr), their inventory will be down to not much more than 20 million.
My comments are legit.
You didn't answer my questions.
I have'nt lied about a thing.
I'm sure some people are reading this.
You attitude sucks. Stop being a d*ck. I dislike condescending people...Which is you.
Buy more of this stock...go ahead...It'll hurt you worse than my words will hurt you.
I only post under this screen name..
I'm done going back and forth with you...