Even with a stock split, NKE should dive into close of year
Ladies, the retail picture looks terrible this winter and nobody gives a hoot today for sneakers endorsed by oversized clumsy ghetto jocks.
Post-split....this is a 5.00 stock masquerading as a 52.80 stock....then add the fiscal cliff problems into the picture and god help the amateur SUCKER who is holding only long stock and call positions in this obscenely overvalued equity.
Given the fiscal cliff nightmare awaiting key Dow and Nasdaq stocks.......given the weak retail season....and given the reality that Nike is a tired old fad that has had its day........then it should be obvious that SMARTER pros are net short the unimpressive stock, via stock shorts, in the money PUTS, and out of the money WRITTEN calls....while the amateur boobs remains ignorantly long.
Ladies, live and learn from your intellectual superiors....Live and LEARN!