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ShopKo Stores, Inc. (SKO) Message Board

  • snugly60031 snugly60031 Jul 19, 2001 12:32 AM Flag

    Recent Stock Price Action

    Today's $.08 set back IMO doesn't reverse recent trend. For everyone that thinks the stock is going to plummet because of earnings, debt, same store sales, and all the other reasons posted here, remember if you have this information, the recent buyers also have it, yet they have kept up fairly large volume individual buy trades for several days now. Unless you feel that the buyers are just uninformed idiots throwing away money, you have to conclude that there is a different dynamic now moving the stock upward. IMO it is going a lot higher.

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    • As you said
      < Unless you feel that the buyers are just uninformed idiots throwing away money, you have to conclude that there is a different dynamic now moving the stock upward. >

      If you believe this that you must believe that money managers never make mistakes and everything they buy goes UP. "Uninformed idiots" is not the point in making such mistakes but merely not spending enough time on each investment in the portfolio because of being overwhelemed with new ideas and dozens of other issues and being able to discern the truths vs lies from managements.

      SKO has demonstrated nothing to prove that things are turning around. SSS are still negative, interest expense keeps rising and profits margins keep deteriorating. I see no reason to follow a fool who things that "the bad news is discounted and things can' get any worse".

      Last time I heard that was from an investor in Ames Dept Store. That stock is down 97% from its high. Why ?? Declining SSS, increased interest expense and declinging profits. Sound familiar ?

 

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