DKS is doing great. I almost feel sorry for those shorts who think it is overpriced. The stores are busy and with the economy slowly improving this stock should do very well in the next 12 months. Yep, I almost feel sorry for the shorts.
Hi Bling. You're really getting me to worry. Maybe I should sell this stock. I just can't see any factual evidence that it is way overvalued. And DKS is only 7 cents off of its 52 week high. What's really going on here?
DKS has come a long way fast, and the current valuation is rich. However, if you are counting on holiday spending to be a disappointment, I think you will be the one disappointed. After two years of cutting back, It looks to me like almost all retail will have a great Q4 this year as the consumer finally splurges a bit.
As for the stock, I am a longer term holder, but have been selling into this rally, between $33-36. I will buy the dip when it comes, and it always does, maybe $30-32 or move on to less fully-valued stocks. Good luck to all.