Double mistakes, let the near $23 get by me Monday (traveling), then lost my nerve and sold the above trading shares yesterday at $21.96 and moved the cash to a trade in LULU (at least it went up today), with the jury still out on that one.
Still sitting on a very few IRA shares and likely will hold, as I expect a good second half. One other point of interest is the 500K new short shares in the last two weeks. If not covered already, most of them look to be around breakeven and/or possibly underwater.
I am still confused a little by this process. There is no physical way that BDO can can reaudit two years fin statements in three weeks so how can SKX file their 10-Q by 5/15? It shouldnt be a problem unless you make it one by saying you are going to file on 5/10 and then 5/15 and then miss that again. Then folks get frustrated.
So I have to assume they are going to file yet not sure how they are getting this done so quickly.
Maybe filing this past Q, then BDO goes to work on the audits of the two years in question? more a question myself than an answer.
If this is the case, it might give a little positive sentiment that the last two years will come back fine as well.
Came close to selling calls on my few remaining shares, but decided just to roll the dice.
I am paying so little attention to this lately that I only noticed a couple of minutes ago the judge approved the class action settlement. I honestly can not remember if they already charged off the attorney fees for this, but noticed there will be $5 million that can not come out of the settlement going that direction.