Opportunity for buyback was Tuesday at the close...may drop down there again, but looks to have regained traction. Sold the 99 weeklies on Monday for .80...figured it had no traction to 100.
I have done both with this stock and it is literally timing and understanding the game. I bought calls prior to the summer earnings and did very well; sold calls on the last ER and survived because of it and have resold calls every week since without losing my shares (88 strike after ER, 92-95 the weeks after, and lately in the 96-99 range - some weeks were only .15, but that was still .15 in my pocket per share; last week was 1.30, week before .50). Guidance continues to be the company's issue - they tend to sandbag and drive down the price. Of the things I can see that do coincide with lower guidance are insider sales (look at the Execs prior to the last ER in the 90s and the ability for them to rebuy at lower prices through option grants) and when too many people become bullish on the stock. If you look at Qs when people have questioned the ER outcome, the stock takes off; when the sentiment is very bullish, it tends to flop...albeit temporarily and thus provides a buying opportunity such as 81 after the last ER.
I agree the stock should trade in the 120+ range as it is in far better shape than 2011-2012 with diversification and growth - the key factors that drove it into the 30s in late '12 which required the company to reinvigorate the strategy and branch outside just winter items. However, it doesn't trade there and thus you have two choices in that you can't change the game - moan about it every hour on the hour (UGGS8788's choice) or play the rigged game to your benefit (my choice). Also, I have no attachment to this stock - if I lose my shares to calls, oh well, always something else to play or a future buyback opportunity! Good luck!
Actually had a feeling this would happen this week...sold the 98 strike calls for 1.30. Anytime oil slows like this the market slows with it - irrational, yes depending on the sector, but always presents a buying opportunity.
Well no s### you idiot millennial - 10 minutes was too long to wait as mommy always gave you what you wanted when you wanted. Thanks for posting something we all already knew...
In case you missed it, he replies to himself...a lot. He also makes a lot of assumptions about other people and tries to play himself off as this man of mystery - go back a year and look at his QuestionCNBC handle, then look at his Indian8788 handle on the UA board...he needs help, and that does not include meds or booze as it is clear he already uses those regularly...or irregularly based on his wild posts.
Don't reply to UGGS8788...he does not listen, makes ridiculous calls, and is addicted to posting on this board with youtube links as he is a unemployed loser in his parents basement in some NY suburb. He has been calling this stock to jump to over 100 now for 4 solid weeks and actually well over a year.
Want solid advice - sell covered calls on this about $3-4 out of the money. Do the weeklies and even if it dips, sell the options for the 10-15 cents a week...still gives you .4%/month in income even at that lowly amount. Been doing this now for well over a year on DECK and it is insanely profitable. Had 97s last week for .35 expire worthless, 96s week before for .30, and this week the 99s for .50. Made another 3.00 in the prior 5 weeks leading into and through earnings.
Just wanted to bring this one back to the top of the list here...this being UGGS8788 who said he would stop posting almost a year ago...we see how far that went. Board has been quiet the past couple days, thankfully. Would rather see nothing posted than ridiculous nonsense.
and like I said...another useless youtube video. You should probably try getting a life you lonely, lonely boy.
Watch everyone as I type #$%$ all over this message board, and make ridiculous calls...105 next week, 99.50 the week after, 250 in a year, 125 by year end, ooopps, forgot my meds....time to wash'em down with some Jack so I can type more ridiculous comments and worthless youtube videos on the DECK message board. Blah blah blah collusion blah blah blah rigged game blah blah blah Cramer. This is what you look like Uggs...this, right here, a babbling ID10T.
How do you make this stuff up? You don't even make sense...either take your meds or stop drinking - you are doing one or the other. You have zero reading comprehension and just make things up - you are literally worse than Cramer any day of the week. At least he makes sense when he talks basic economics. You are the epitome of a broken clock - you will be probably be right once or twice, but wrong 20+ times as you have already shown before that time.
Just like we should have booked 105 this week? You talk so much #$%$ about Cramer - you are his little trainee and just as guilty of making ridiculous comments. Either make a true assessment of this stock or stop posting your nonsense. You have no credibility...JUST LIKE CRAMER...you clown.
When you say normal, it is already on the normal weekly pattern it has followed since the last ER. It has drifted lower on Mon/Tues for the past 4 weeks, rebounded towards then end of Tues, solidly moved north on Wed/Thur, and then fallen on Friday but enough to where we have had some solid weekly gains. It maximizes the options sold on Friday for the next week to be bought back cheap on Mon/Tues, then resold on Wed/Thur to expire worthless on Friday. I unfortunately bought at $98 pre-earnings only to watch a ridiculous downgrade and an ER that I should have seen coming with insider sales in the mid-90s. However, the covered calls since 29 Sep for me have yielded $3.60 and I sold the 97s today for .35, thus pulling me closer to the $4 mark. At 97, I would be fine losing the shares, but I see it moving in the 92-96 range next week overall.
Barring the mgmt giving a guidance increase, this will very likely just continue to move up $1-3 a week until it nears the 52 week high and will need to determine if it breaks resistance. However, I can see mgmt giving a guidance boost as they sandbagged the expectations in a very obvious manner.
Actually something worth noting on this board that is not Cramer or crazy - excellent comments. Saw Uggs in our Seoul Post Exchange, so AAFES has picked them up for the first time; see a few pairs running around downdown for the weekend. Relooking Zappos, about 50% of the top 36 items are UGG-related with either boots, insoles, care products, or slippers. This cold front came at a great time combined with some snow across the midwest.
I continue to judge the covered call strike price just right and will sell the 95s or 96s for this week or the 98 two weeks out. Fair chance we do some serious movement in the coming weeks especially if management ups the sandbagged forecast.
He is officially off his meds...not too long ago he called AM an awesome manager but failed to look at his insider transactions in the last 90 days - selling a non-automated sale in the mid-90s was a tell. The fact that this guy continuously sandbags the guidance yet then can't figure out why his stock falls tells me he is either incompetent or an insider on any DECK manipulation. All of this was left out of Uggs' little mind until this week and capped with this schizophrenic monologue of a post. It never occurs to sweet Uggs that AM is actually in on the manipulation...but apparently, he got an Uggs stored opened in his mall...in NY/NJ, where it surely never gets cold and no one has extra money to shell out on a pair of sheepskin boots. I am sure management had never heard of that mall until Uggs told them, never...LOL.
On another note, Icahn was a young Icahn - he also went to Princeton, tried med school, served in the military for a couple years, and then worked on the street by 25 with his own company by 32 - I don't think Uggs is even close to checking any of those blocks. And while he may say the college degree is not needed, lacking one ensures you never step foot into a firm's door.
I have had him on ignore for well over a year in one of his previous two handles (indian8788 and questioncnbc). He is an idiot kid living in the NY/NJ area who thinks he is special having read a few investment books. Guessing he lives at home w/mom and dad and thinks he is a great stock investor but lacks the pedigree to ever become one in the market.
However, I still pop open a post or two of his to remind me of my sanity and make me feel better - at least when I talk to myself it is not in a public forum ;-)
Tough break for who? Me thinks...what are you? A pixar film character? If you mean I was happy this ended under 88 and I kept my shares then good call. Going to sell the 90-92 cvd calls for this week as the rebound will likely resettle in the 85-89 range for the week.