Bottom line: NKE is a 5.00 joke posing as a 51.00 stock
Ladies, feel free to re-read this SMART thread of mine in which I WARNED some time ago that 53.00 is a SOLID RESISTANCE point in this OBSCENELY OVERVALUED NKE joke.....and, ladies, in case you didn't notice this AM, as soon as it hit 53.00 RESISTANCE today, it began its DIVE toward a close in the RED.
Ladies, although the slimy specialist might contrive an intra day PHONY UNSUSTAINABLE BURP above that key 53.00 RESISTANCE POINT (maybe as high as 54.00, at maximum!), solely to SUCKER purchases of ultimately WORTHLESS call options by amateur DUPES, by all technical indicators, this NKE donkey CAN NOT SUSTAIN prices notably higher than that 53.00 RESISTANCE POINT, certainly NOT on any closing price basis. IMPOSSIBLE, per the ULTRA BEARISH technical indicators.
Ladies, when I examine the ULTRA BEARISH NKE chart, I know I am RIGHT, and the two following technical REALITIES PROVE ME RIGHT:
1. Unlike the majority of stocks that go through a 2 for 1 stock split, instead of rising thereafter, this NKE doggie DROPPED immediately into the toilet. VERY BEARISH!
2. The NKE donkey completely IGNORED the recent 500 point rally in the DOW. VERY BEARISH!
Ladies, god help the poor dumb NKE BAGHOLDERS who hold only pure longs and who have failed to obtain some kind of SHORT or PUT protection for this CONFIRMED BEAR market joke.