Apparently someone is selling hence the ride back down. I think what you have is a few shorts getting out that pushed it. Not sure there is a rush to buy Deckers unless it is to cover a short. This is not a long buy right here.
I disagree. With sheepskin prices likely to ease and the new UGG Pure material giving the company more flexibility to tailor the density and length of the material compared to the varying quality of the sheepskin I believe that there is a great market opportunity for new products with improving margins.