It is obviously overvalued and the manufacturing issues why arent we seeing some downgrades?
All I am saying is that from a purely strategic viewpoint, the longs can cause a squeeze. By not selling on the upticks, the demand will outpace the supply and cause the shorts to cover. As a long my view does take into account the short position, however once again as a long it is frustrating when longs sell on a small uptick and allow the shorts to cover at a relatively low valuation
Sentiment: Strong Buy
If everyone would jsut sit tight for a couple of days this would be over $50. When the short position is so high why would you sell to take quick profits, sit tight and let supply and demand do the work.
what statement?
3 months zero movement...
Sentiment: Strong Buy
Stuck in a rut here....where is the sell volume coming from? the numbers are strong, uggs seem to be selling fairly well, at the very least we can say that the ugg brand is not dead...so which geniuses are selling at this point? Even if half the short float has been covered, if ppl would stand pat we would move into the mid to high 40's.
Sentiment: Strong Buy
Since mid december when the last share short count was released the shorts could have substantially covered their positions--- relying on the shorts is overhyped...Upward momentum has stalled here and is becoming frustrating, 1 step forward 2 steps back!
Sentiment: Strong Buy
Something doesn't add up analyst upgrade by Jefferies analyst Randal Konik as top 2013 pick, a P/E ratio of less than ten, market is up almost 2% and we are down 4.5%....even conservatively we shoud be in the low 50's.
Sentiment: Strong Buy
Why the drop? What is going on?
Sentiment: Strong Buy
Shorts are covering to lock in profits before fiscal cliff and tax hikes, I dont believe the buyout rumor has any more legs than it had a month ago, although one can hope!
Sentiment: Strong Buy
Why the big dropoff over the past few days?
Whats the inventory story? Any guidance?
Anyone listening in on the call?
I noticed that whenever there is light volume SKX tends to rise.
Whenever there was an eastcoast snowstorm SKX has been rising. What does it mean?
One upgrade needed now to push SKX above its holding pattern and to lock in 21+ share price, otherwise the gains will slip away on a down day.
Why the sell off?
I dont think Jean will let it go bankrupt time for a management change and some fresh infusion of money to remodel stores.
Bottom line Jerry failed shareholders--regardless of whether or not he can turn around the company to reach 33 a share or even 40 that was offered last Jan is going to take alot of time and I and other shareholders dont have that time---we want our gains now so we can move on to other opportunities---Jerry should uphold fiduciary duty and sell now!
UPDATE: Yahoo emphatically denies the Wall Street rumor that Jerry Yang is planning to resign.
As evidence, Yahoo points to Jerry's interview yesterday with the WSJ (why would he do this if he were quitting?), as well as his attendance at the Sun Valley conference this week.
http://www.alleyinsider.com/2008/7/rumor-jerry-yang-to-resign
if you dont your broker assumes you vote yes and will vote your shares in accordance with the current board!