"tomorrow... down again" ok ok i know this is getting repetitive how accurate i have been with my calls here and....
i know you all want to know what i think deck will do post earnings.... and if i had a crystal ball i would tell you (after i put in my final trades of course)... but honestly, i still think it is a toss up and i really do not have a clear picture
Over the next 6 months going into 1st Q 2014, stock shold run from here to about 82-87/share.
Remember when Under Armour ran from 36 to 80 from 2010-2011, then being fully priced in ahead of itself going into 2012, sold off about 30% like 2-3 X hitting a wall at 80 before TIME and UA's growth in earnings caught up.
Well....same thing should happen here. Deckers should get priced in for this years earnings around 77-80/share and another 10% on top of that to price in ahead of time the 2014 earnings...then we will see some sell-offs from 87 likely back to 65-68 as news will be priced in so profit taking will ensue.
But for now we are not pricing in 2013 or 2014 so higher we will go.