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Under Armour, Inc. Message Board

  • briansmitty47 briansmitty47 Jan 11, 2007 12:59 PM Flag

    Caution board flooded with shorts

    they are angry because they have been blown out by ua's continued success. and just a quick note earnings will be huge and surpass expectations easily.

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    • By the way, looking at the trading in UA, I'd say that recently most of it is options-driven. Watch how it got collared repeatedly today. The Jan call premium is pretty slim, by the way. And it still hasn't closed the infamous Cramer gap @ 47.

    • Real good question. I am leaning towards selling about 1/4-1/3 of my position. I only hesitate because it seems that every month recently something happened that caused it to get pinned to a higher strike. One month there was an upgrade going in to expiration week, one month it had traded too high leading up to expiration to make it easy to bring all the way back down, etc. This month, it seems to be in a range where knocking it to $45 seems feasible and doable. I'm about 90% convinced to sell some today. I'll wait and see how it trades.

    • If your a long, you HAVE to love us shorts, we are the ones who fuel the fire. We are the ones that covered at 46 to make it go up and over the 50. We are the ones who panicked and covered to make it go to 54. dont hate us, you need us. Without us, there isnt really many new buyers standing in line at these prices. We are the ones who buy to cover when it goes down , that is normally what spikes it back up. There are approx 6.10 million shares shorted still, up from previous month. If your expectations of a Blowout qtr are true, you will be a very rich man when we all try to cover. My guess is the 4th Qtr is not going to be huge. However, that being said, my gut says that Q1 07 is going to be big, as we all gear up for baseball, UA #1 sport currently. But that being said, UA already upped the estimate for 07, so that pricing is in already..That being said..Im out

 
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