Maybe closer than you may think the way I see it . . . Deck may soon begin a buyback of over 500,000 shares at current prices . . . this will initiate a squeeze when approx. 10 mil+ short shares attempt to cover which could bring price to $64 followed by $77 after earnings.
As a long who believes in this Co., I like your thinking; As a long, jaded by the "short-selling-lobby-scheme", I want to consider the worse-of-the-worse, then all's sure not to disappoint!
Thus, I'm even lowering my downside target to $25 from 28! Maybe even
$22, and if we have an Iranian war, $18!
oh please, will you guys ever get it? whats the point in talking about bottoms? this whole action is fabricated. millions of shares shorted in past months to create the current stock price. as someone said before, you have no idea what the true price of the stock is, so why talk about bottoms as if the action is somehow reflective of real supply and demand?
I agree, I'm only saying, under this "fabrication scheme", I don't think it's low enough for the supply-demand equation to over-come. It has nothing to do with "fair value" or relative value. It's all about, "how low will they take it before it can't be taken lower"? But I'm glad you point-out such, less some "rational investor" starts trying to ascertain a 'fair-market-value" for the stock, and already sees that it's grossly under-valued at this level. But I don't think we're talking about "rational, fair or sane".
There will never be 100% consensus (negative or positive). My very rough guess is that we see a bottom @ $32 - whether this board will soon reflect the "all is lost" sentiment remains to be seen.
Yeah, one would like to see "all is lost" sentiment 100% from the board here at this level; I agree, doesn't seem close to a bottom, b/c of the way it's "sitting here", comfortable with this level and the still not having a "can't-touch-it" attitude by investors and would-be investors....plus, we're not far enough off/from a 52-wk. low, which one can characterize as $40-ish. At $32, I think at $28 we can get such attitude!
Technically, (TA wise) DECK never did fill in the gap up in early 2010. That is at $35.46. That is where it should fall to fill in the gap. Anything lower, and DECK will have a huge problem to contend with. $32 has no significance here, TA wise. You need to have a capitulating event to flush out the remaining weak hands in other to exhaust the sellers. It could be at $35, $32, or even $28 for that matter. No one knows???