of mine recently. It's about SKX (Skechers USA) a
manufacturer of stylish shoes that went public on 6/9/99 @ 11.
SKX ran up to 12 3/8 and then tanked last week,
closing at 7 today, 4 points and 36.6 % under it's IPO of
just a month ago.
It's a nationally recognized
shoe which every woman, adult or teen has heard of.
Here's the post I copied with today's trading pattern
SKX's trading pattern Thursday,
by: Pickle_007 (M/East Coast) 304 of 308
328,600 shares volume, which I can't compare yet to
average daily volume, until Yahoo starts posting average
volume. However, 7/14's volume was 305,800 shares, 7/13's
was 225,600, 7/12's was 428,400 and the day SKX
(Skechers USA) cracked badly, which was July 6, the volume
was 2,078,500 and the range that day was 10 on the
high to 7 on the low with a close of 7 3/4.
today's 328,600 shares,
101,000 shares traded on
55,000 shares traded in the middle
173,000 shares traded on the offer and the average price
SKX traded at today was $ 6.85. There were 273 trades
that averaged 1204 shares per trade. SKX (Skechers
USA) closed at 7, up 1/16 on a last sale basis and the
closing quote was 6 15/16 bid for 1500 shares offered at
7 for 5000 shares. However, in the closing moments
and reported directly after the market close were
about 4 trades totalling almost 15,000 shares all @ 7.
If I had to guess, I suspect the quote couldn't be
electronically changed to reflect these trades as the market had
ended. In which case, the 5000 shares offered at 7 may
be gone. We will find out in the
Today's range was 6 1/2 on the low and that marked a few
blocks that quickly downticked to trade and 7 1/16 on
the high. No sooner had the approximate 20,000 shares
trade at 6 1/2, SKX (Skechers USA) was immediately bid
Today's low marks a 41 % discount from it's IPO and a 47
% fall from it's high point of 12 3/8 reached a few
days after the IPO.
If you consider that SKX
(Skechers USA) was originally filed in the 12 to 15 range
(approximate), today's close marks a 50 % discount from the
levels originally filed to bring the IPO
While I've not examined every detail of their
financials as yet, SKX (Skechers USA) is selling at an
approximate PE of 7 with growth of 100 % over last year's
sales, so far.
While I can't say for sure that
SKX (Skechers USA) will/may retrace it's recent fall
to once again touch or pierce the $ 11 IPO level,
it's seems very likely it will do considerably better
than it's seen today and the past several
I'll post more findings as I go through their
Have a great day on Friday to all. I do consider SKX
(Skechers USA) as a real value with minimal risk and
considerable upside from current levels.
Looks like the work of Newyorkcoffeeman. Or could
it be are good friend and intellectual
DocRipper????Hmmmm In either case it's do or die tommorrow watch the
volume and hope PZN has entised Institututional buying.
My guess is we'll see some profit taking and be
around 10 3/4 Just a guess don't anyone call me in the
middle of the night.
Ok which smartass made himself a new Id just for
this special ocasion.
If you are taking up
story telling try doing it texas style, not back hills.
You will probably go futher.
I got a feeling
I'll never live down the wet mule thing, but thats ok,
I.ve had harder things to live down.
when I was a kid, we were plowing the garden with a
mule. It was before sun up because it got so hot after
sun up it was unbareable.
So on this day we were
plowing pop corn,the sun cam up, the pop corn started
poping,the mule thought it was snowing and lay down and
froze to death.
I've been just a readin and readin your posts and
(BLUSH) felt I hada just git to writin you. Figgered I
could make some real brownie points if I went on out
and burned me a mule. I cut up a months worth of
newspapers into the size of dollar bills and put em on inta
the back of my pickup. Headed for the renderin plant
down the road. (Stopped on the way and tipped a few
cows in farmer McDuffs field........just can't resist
ya know!) Anyways, I found me a mule (male) just
layin on the ground and I commenced to settin up my
timer and pilin up some of my fake money. Figgered I'd
start at the rear. I lit the pile and started the
timer......real scientific like. I commenced to git me the scare
of my life! That mule wern't dead at all! He let out
a beller louder than I EVER heard and got to
runnin. There was smoke just a billowin off his hind
quarters. He was not happy AT ALL! Grabbed my timer and got
the hell outa there. Wouldn't ya know but I seen him
two days later in the parade. Ole Joe had him all
covered with axel grease. Looked like a couple of
tomaters back there.
Now listen here hon. I
figgered I proved my love fer you already. I don't care if
yer long or short. Lets you and me git together and
take stock of our situation. And mebbe you can teach
me somethin about mule burnin. We got fires to lite
SWEETIE. Lemme know and give me a few days notice. Gotta
take a bath ya know.
You done a good job of explaining the diference
between long and short , I apreachiate it, Hell I thought
long was if you were planing to keep the sob for a
long time, and short was keeping it until it shows a
Thank you young fellow.I guess I will learn to keep my
mouth shut about phrases I dont know what they
Now that we got the stock lesson of the day over with
lets get back to making money, thats what this thing
is all about reguardless of how its spelt, or what
the correct damn meaning of words are, Am I not
By the way young fellow, I want go to spiting, or
cussing either one as long as I dont feel anyone is
trying to insult me. Hell it may be somethings I can
help other stockholders on, and If I can I will.
It's just possible that anyone asking you if you
are 'long' or 'short' could be trying to find out if
you are owning shares you have bought, and holding
them, or 'shorting' shares (selling borrowed shares, in
the expectation that the price will drop, and you can
buy back in at a lower price, to return the borrowed
shares at a net profit).
Now, don't go after my
burro with those incendiaries just yet if that
explanation don't make much sense. Try these
I 'borrow' 10,000 shares, and sell them when the
price is $12.00,
putting $120,000 in my account,
Some weeks later(or days
later, if my timing is _r_e_a_l_l_y_ good), I buy 10,000
shares at the bargain-basement price of $9.50 each,
which costs me $95,000, plus commission, and return
them to the donor, closing out my 'short'
Now I have $25,000 in my account that wasn't there a
while back, less the commissions for buying and
selling. Where did this money come from? Well, from those
folks I sold my shares to at $12 each, who are now
holding shares worth $9.50 each. You could say that the
market 'took' $2.50 from each of those shares and put it
in my pocket.
Now, don't go spittin' on me if
this overly simplified attempt to explain insulted
Just because spell correctly
most of the time and don't make too many grammatical
errors, doesn't necessarily mean I'm any smarter than you
The Man Any Clever Kid Easily Ruins
RJ, you are "long" if you have bought and
currently own the stock but "short" if you have sold stock
(before owning it) with the expectation that the price
will drop and allow you buy and replace the borrowed
stock at a lower price. Longs like to buy low then sell
high. Shorts like to sell high then buy low. I am long
PZN. Happy investing!
Maybe about the time we get the mule blazing real
good we can throw Doc in just to create a good smoke
I apreachiate what you said paperman. and yes I do
get a lot from your post ,and also flippers,there are
a lot of people who post who dont have nonthing to
say, and the only reason the do post is to have
something to do.
I know there is a lot of things I
post that probably dont make a lot of scense to a lot
of people, but It does to me.
I know too my
spelling is not as good as some peoples',but its seems
assholes like pznccamakinbakon can read it.
know at this time my friend if im long, or short. It
kinda depends on what happens with the market,and the
company. Im in it for the money, not to loose money. At
the present time I could get out and make money, but
Im waiting to see if there is a chance to make even