Calm down, why are you so mad? How's the world treating you? How much money is flowing out of China every day, every month and every year? China has people who don't really love their own country and, to be exact, they are sick and tired of their government.
A recent analyst note by Bank of America indicated, "UA is currently seeing unprecedented footwear sell-through rates at retail driven by the Speedform platform and Steph Curry signature basketball sneaker. Steph Curry is supporting a large acceleration across UA with multiple opportunities in Kid's, China, core wholesale and direct-to-consumer in both footwear and apparel."
It's no surprise that Curry's MVP status has delivered impressive results to the company's bottom line, and is now a viable basketball shoe brand and competitor to Nike. Under Armour footwear performance rose 64 percent in Q1, and growth is likely to increase with the arrival of the Curry 2.5's, set to release on May 28.
Curry continues to be a major driver for Under Armour's footwear business, as the foundation has been set to firmly entrench the company in the basketball world for the long term. Bank of America has a Buy and $54 price target on Under Armour shares, which closed Monday at $38.70.
This shakeout dropped a lot of weak holders and paved the way for reaching $200 faster. Instead of letting these weak holders near $200, this incident forced them around or below $170. Without these weak holders leaving, BIDU will have a hard time breaking major barriers moving upward.
Sports Authority also sells Nike and adidas products. My kids always buy UA online. I couldn't care less about Sports Authority.
Last year, Merke sent us note through the broker about selling them directly Cubist Pharmaceuticals shares at $102 a share. Or you can sell at open market, which is a little less than $102 a share.