Touche', "MickVick". My concern (as a balanced Long/Short trader) is not for the longterm of UA, but the very near term. I'm short 8 stocks in this topping Bull. And in the last 2 weeks, 7 of them are down 4% to 9%. The lone exception is UA (up 4%). It may continue upward nearterm, but the odds are against that. (As for Nike, it's a much more appropriate name than Under...etc. Winged shoes and all...and it got there first!).
...You sure you want to buy on this dip?...or just for others to buy. Quite a struggle to hold 86s today..and that gap winking down below 80. As for 100s, what happened to last week's talk of 120?
"Don't fall in love with a stock" is an old Market adage. Obviously, your opinion about UA clothing superiority may be correct. But you have to assess how many others will pay a "large premium" for overcoats and such who are misnamed "Under Armor". The name itself is hardly superior.
Well, you made your puts profit...and my "top" call was true for now. Next, we need TRIP to fall thru 100 to the 95 minor chart support.
It's gotta frustrate some shorts that several competing short stocks are falling nicely today (YELP almost 6%), while UA hangs in there...but "the longer they stand, the harder they fall" is a good slogan to quote here. That slump near day's end below 116 must have given a few bulls pause.
About the fifth dip may be a real breakdown..but with FED-juiced bull mania, support may be tripled.
Sadly, the coming UA dip to 110 may be the 15th dip! So?...BUY more...a tree grows to the sky...UA the NKE giant-killer...sports mania forever...etc. What?..me worry. More profits..more gains. Up, Up and away!
In a "normal" Mkt, prudence says stop buying on about the 5th dip..it may be a real "correction". But in this FED-juiced free money market, dips can go on thrice as long. Sadly, this may be the 15th dip...so..BUY more on the dip to 110. Why not...trees grow to the sky..UA the NKE giant killer...sports mania forever...etc..
..his reasoning, that it's not a sprint, but a marathon, is only one-dimensional: UA's incredible last five years in what may be a decades long growth. The more important dimension is the BULL Market in which these five years of growth took place...that Bull is statistically almost at it's FINISH line,..not starting a marathon.
UA will be enormously slowed in its growth by the Bull's fatigue..and UA's PE is just TOO HIGH now for that.
Maybe postpone the marathon in UA until after a correction??!
Analysts targets below current trading quote...is occuring for more and more Momo shortsqueeze stocks.
Note how, when target is higher, analysts rate Buy...but when target is lower than current trading, analysts virtually NEVER rate the stock a Sell. Susquehanna raised TRIP from negative to neutral with a target of 90, but no horrid "Sell" rating as it soared 15% above that target.
And that spurt in the final brief minutes looked awfully much like throwing in the sponge by many margined Shorts. A top probably took place.
A bull pleases many...a bear please a few. A suddenly straight up Market forces weak bears to cover, and long term bulls to think about the prudence of taking their profit off the table. Everybody is hurting..and thinking Help!
Neophyte Bulls are about to learn about a "bull trap". Three short squeezes and straight up? I don't think so.
Morningstar gives detailed analysis why UA is worth much less than currently trading. 2013 final quarter US economy revised downward. Olympic glow for Russia turns to disaster. UA Macd crosses downward. Why worry? Up..up..up. (and away to where?).
4 months ago EXPE was trading at 50...and you'd like MORE than 80...lotsa luck. PE is already 75, chart (and Mkt) already weakening, and there's a huge gap to be filled between 73 and 65. But maybe "trees DO grow to the sky".
True..Corc...that's why the "classic end of bull run" timeline seems untimely, except with hope. There was today's revision downward 1% of the supposedly strong 4th quarter consumer data. But not much other weakness, except today's exceptionally strong weakness in several big shortsqueeze stocks...unusual for option-xpre day.