it's so freaking dead. Was up $3k 2 days ago and I had my finger on the trigger to dump it but the chart looked so good and I didn't. Today I picked up another 500 shares for a trade and I'm down $850 on that and $1,150 on the 1000 shares that I had before not to mention the 2k I lost yesterday. Makes for a lousy day
mopsu - I'm not quite sure I would be adding to my position in DECK right now. Maybe wait till after the earnings and guidance and I'm guessing that if you have cash you will be able to average down in a big way. It could go either way but I'm still leaning towards the negative side based upon what I've been hearing in the past few weeks from retailers. Good luck!
Pinkerton: Welcome back! Would you please provide a little color to your statement about what you have been hearing from retailers? You disappeared when I asked you to comment on UGG sales many weeks ago. You said you would check with your moles at Zappos. But you never returned. What have you now learned? Please be specific. Many thanks.
Go try and find a pair of gloves or a scarf today at retail, forget buying it on sale, just look for a cold weather item. The cold weather business is up and down year after year. Most people dont buy new gloves each year, they buy gloves every other year. So a good year typically follows a bad one. This year is a strong year for cold weather product. Check for yourself. And regarding online sales, check size breakdowns, not all sizes are available on sale items. They may have an odd size they want to move. When I try and buy a sale item online they never have my size, its a tease.
LOL, froggy. You've been holding since $80. You are lucky to break even. Oh, I forgot. You don't consider you lost any money because you didn't SELL!! In reality, DECK is only worth $37.12/share, not $80/share when you bought them.
I totally agree. I should have realized that shorts were swarming all over this and taken my 12% profit when I had it. Look at the weekly chart and it bounced right off the resistance at the 26 week EMA. On the daily, it touched the top of the Bollinger band and the upper trend line in what appears to be a triangle. The shorts here are totally in control.
So far shorts are in control and they already began to cover by pressing down the price. This strategy worked well so far as you can see short interest is decreased from 16.3 mil to 15.0 mil during the period from Dec 15-Dec 31 2012. Longs should be patient and quietly accumulate shares slowly by taking advantage the opportunity created by shorts.