KKD donuts are a superb treat -- best in class.
Diabetics can have a donut dip#$%$... managing glucose is about eating well, exercising, managing weight and carb intake...
If you want toroll around like a hod in #$%$ with your dip#$%$ view of the world, do not eat bread, pasta, any kind of dessert or candy, and don't eat carrots or any arb heavy vegetables, dairy, nuts, sauces, or cereals made from wheat or corn (so all cereals).
as you can see, this putz uses about 5 aliases with the same broken pigeon english. He is incredibly stupid and has all the world understanding of a 3rd grader... hard to believe any pm. short or not, would pay him to post such inanity.
As longtimers can see from the posts below (which are not worth reading unless you enjoy morons trying to dis the quality of info here, the short putz brigade is back trying to push this down...
Given that all key projects are "on time, on budget" and COD Manila will open in a few months while Macau GGR surges to stunningly high record levels, we have been delighted to add shares.
Every time you post, it is obvious you are an idiot and in sore need of remedial reading and comprehension help. Think of it this way, to understand my perspectives generally requires capacity to process information beyond that of a 5th grade education.
As for you attempting to dis my intellect, whether on this new alias or your stupid F bareashdipshite alias, eat S. If I was inclined to be nice when morons try to do that, I'd suggest you put me on ignore so you stop suffering from your low IQ, throbbing insecurity and so clearly left out of the comprehension pool.
Here's something written at your level. Go F yourself and twerk the horse you rode in on. ROFLOL
off you go to ignore.
As you know, the recent noise on China's "shadow banking" has some concerned about (Chanos hoping for) a meltdown of China's economy. Our assessment is that the quality gaming companies in Macau are in the best possible position of the Chinese companies... even Chanos owned a couple of them until last year.
Our risk assessment is that if China is going to melt, so is the entire global economy -- we assign that a very low probability, about the same risk that the U.S. and Western Europe goes to war with Russia over the Ukraine #$%$ the West has wrought for itself by pressingRussia with the NATO and EU pieces.
Back to China and shadow banking, we think the planners have a remarkable record of handling their problems and that they will continue to fund out their trust butches as needed to protect their overall economy... and their peoples' propensity to gamble in Asian venues will continue on indefinitely.
last night some 30k shares traded after the lousy Q results hit the tape... we did a few #$%$ of that measly print shorting at 7.70, but doubt their was any algo at work after hours... kinda of like bringing a fighter plane to a fist fight. LOL
Today some 3.2m shares were done with a first reaction dump, followed by a sloppy run up (that looked a lot like short cover chasing to us, and then a quiet fade to call it flat on the day. That was some 100x last's night's tape, and gives some indication that while some may have been a little puzzled this morning, their are more than a few players happy to be getting out after the cover run seen in what we called the goose up from $7 to $8/share in recent weeks.
About algo trades, dark pools and grey pools are comprising close to 90% of total market trade these days, at least on all but the small and micro caps... but again, the prop desks don't try to run those during Amateur Hours (pre or post market hours) unless a big news days for a big cap actively trading... and for the most part, those guys are trading for fractions, not with any meaningful directional bias. They generally think they are winning for skimming fractions of a penny per share... but the big money is no fatted calf -- instead, we're happy to have guys thrashing around to jump the line for .00012/share while we are able to put on or take off large positions within pennies of target ranges when we'd be happy to be within DIMES, QUARTERS OR MORE on large allocations. All good fun to take advantage of for those who understandindividual account trading.
There is also some 18m shares short out there... so there may be some of them short below $7 from last Q who now want to call off their bets. Delusional pm longs with box shorts may also think the outlook is strong enough now to pull the hedge, so that is some goose buying for a bit. As we wrote a few weeks ago, c'mon believers -- get out there and goose this to $8. That happened... out 5th correct call in a row on this under the new mgmt team. Our sixth call? This is headed for the #$%$, even if it takes a few days or weeks.
We have no doubt some of the funds in the shares net long will be bailing over that timeframe... this stock is dead and rotting right along with the brands. LOL
WMT and Kmart still carry the stuff (LOL), but it is relegated to a marginal brand now; the quality is WAY down on fabrics, construction and style these days.
My kids have all grown up here in West L.A. and we all surf often. They and and their friends goof on my old Quik gear and none of them have owned anything Quik (or DC forthat matter) in more than 10 years... but it was the S back in the day, and the pm long the shares must all be older than me (47).
Again, I am not relying on my personal view, but I began wearing the Quik shirts before the 1985 ipo -- back in the days when Randy and Rob were printing custom t shirts in Newport on the trailer tow press. LOL I used to wear Quik stuff in casual settings, until they went ape S with the logo size and started using HUGE psychedelic letters. dead dead dead...
It may take a few days for people to figure just how effd up this "turnaround story" really is... but pm long the shares as well as the wishful thinking analysts who have yet to figure it out are going to have months of time to watch the stock erode. Any pm buying this up here is programming losses with some degree of certainty.
If you have not, do listen to last night's CC... these guys are in WAY over their heads and seemingly have no idea how badly positioned the brands are. The reality is that they ought to close out the brands and start over.
Further, only one analyst seems to grasp how ridiculous the 2H2014 loading is now... and the mgmt team is oblivious to what credibility cratering coming will cost the stock.
Remember, they missed on EVERY piece except a pissnt beat on Roxy, the worst of their three tired brands.
Excellent IBD work.
On the technical points, the article is very consistent with my comments from yesterday and earlier this week, focused on the pivot point (breakout point above the high point of the left) rsi, positive obv, group strength, juxtaposition within group, and underlying fundamental and quant pieces they noted as per their SMR ("A" rated Sales growth, Management quality and Roe). They also focused, as we noted, that volume has been less than robust vs the trailing ema... On the last piece, yes it has: all the box shorts are off now (something IBD does not focus on other than paired shorts). We may see a surge over the few days, but as I noted (see below) we may instead see the stock stay in the grind higher mode after stalling for another day or so.
Technical analysis is about the objective rear view mirror look at the market's response to catalysts and is math and also art... but IBD's base count commentary is focused on the weekly chart (stronger indicators than daily to be sure, but the daily is also relevant. This was out point of departure because we saw the double bottom retest and moderate piercing of that support for a couple of days as restting the base count. That differential aside, it is easy to grin and use the weekly's third stage base count to see only another 6 or so bases to go before the run starts to look "late" and a shakeout back to the 10w/50d ema.
All fun if one is long.
From my earlier comments
1. from Wednesday
"Chart breakout above pivot today" (thread)
2. from yesterday
"Group remains in top 10% tranche, rsi remains at 94, strong obv (albeit light volume of late as the short chumps are washed out and pm standing without box hedges now, comfortably above 50d ema double retest, and yet stalled for another day (or how many?) until resumed the rip higher on serious volume... and everything about fundamentals and quant work is screamingly bullish..."
Good to see well-respected IBD ringing the bell here. $50 coming up
and a final point to point out the weakness of your "credibility" comment... how about you look back to any of the posts I refreshed tonight that I posted over the last nine months here (or any i missed for that matter) and explain where you think my comments are not objective and accurate? You won't find any... this is a turkey shoot and the shorts had it right last summer as it dropped to below $5 (where we covered the first round under the new ceo and exec team he plopped in).
We are well aware of what blind optimism can do to a stock... and that analysts eventually get fired for getting suked into the hood on such looniness.
and it is let's say straining to think anyone actually believes Quik still "has relevance" anywhere... listen to the call to learn they have decided they are losing revenues and having difficulty marketing the current products in "developed markets", [most disturbingly in the U.S.].
That includes So Cal to be sure -- we haven't seen anything with the logo other than out of style looking Snowboard jackets in call it 4-5 years... and none of the Footlocker or #$%$ or any other footwear retailers we know of even carries the DC anymore.
Do you have kids? Ask them if they or any of their friends would buy any of these 3 lines these days. Unless they are let's say clueless about what is hip and cool, they will tell you none of their friends or they would wear any of the stuff sold by ZQK. Again, all you have to do is listen to the call to know that -- mgmt was pretty straightforward on this point.
I grew up in San Marino, summering in Newport Beach as a kid. After a 14 yr career in NY, I moved back to L.A.... How many times have you surfed with the co-founders?
As for what the market thinks of these shittey results? We'll see over the next couple of months, but the AH session tells you nothing -- less than 35k shares traded after the release, including us adding a few more shares shorted at $7.70 -- likely cover for a mm who shorted the NY close. Hey, we wanted to feed the animal who was hungry for his easy 20 cents. LOL
Pick your poison, but all of the wire services have it right: "Revenues down broadly"; "Revenues and earnings miss" ,"ZQK reports broad revenue declines"... and while most of the analysts were cordial on the call, if you listen to the call you'll see they all feel duped again and those with any intellect realize that to get anywhere close to the now stuffed back half guidance and growth outlook, they are going to have to hold margins while dramatically expanding revenues... kinda hard to do when ZQK is closing stores, shutting down product lines, canned most of the sales force and marketing staff and are starting from scratch in most markets, "hope" to find distribution in China because it is a big market (LOL), "hope their spiffy new Russian storefront business doesn;t get hosed by Putin (LOL) and are taking DB Footwear down line (same story as last Q yet no progress to show anytime soon) because they can't sell premium priced product in the "highly competitive" footwear game.
They are F'd alright, and so are the longs -- whether they figure it out now or after a few more missed quarters doesn't matter to us. Hey, the analysts will likely beat the shite out of this tomorrow, and if their reports don't this Q, they will look REALLY incompetent after another serial Q in a row of dog S results from this weak exec team. And if the stock runs up another 10% or so after the goofy call? THEN we'll get SERIOUSLY short.
Incorrect except that we are short again as of this week... but only for fun as it is a small position. We own it just asmidge below $8 -- come and get us on that desperation bit. LOL
Funny to think you idol believers that Quik has any brand power left think we know less than you about this company and the brand histories (hint: I have known Randy and Bob since 1985). The ironic thing is that by the time they sold out Rossignol for call it nothing with an $800m+ hit and messy recap along with a mound of debt to saddle the flexibility forever, that asset/brand was the only one left with sustainable brand power.
Roxy always was about #$%$ cheap clothing for the WMT set, DC Brands skateboards shoes lost all relevance 10 years ago, and Quik, arguably the original and best surf shop lifestyle brand (high quality fabrics, cool logo and excellent construction) copied by many while they took the brand first to big stores like JWM and then ruined the quality and cache value by going on down to Kmart and WMT bins. How about you just wonder how I know the two founders? (Hint: I knew Rob and Randy, founders, before the IPO.)
As for being sold in the next 12 months, this has been shopped repeatedly -- before Rob left. If you were ceo and founder, you'd have wanted to go out with a change in control premium, too, but no one wanted it then... and sales are off the irretrievable cliff now. Every pm who owns it is in for a rude awakening over the course of this year... serial quarterly disappointments will continue... Just give a listen to the Q&A and read through my posts from the last two Qs (just a click to pull em all up -- not "15 posts a minute" as you s headedly suggest.
See, this is all way too predictable as I called last Spring; no one wants to buy it, and anyone who knows anything about branding, esp teen clothes and anachronistic styled product lines, knows that when a brand is dead you shut it down and start up a new logo and brand. Happens every year.
Groups remains in top 10% tranche, rsi remains at 94, strong obv (albeit light volume of late as the short chumps are washed out and pm standing without box hedges now, comfortably above 50d ema double retest, and yet stalled for another day (or how many?) until resumed the rip higher on serious volume... and everything about fundamentals and quant work is screamingly bullish. We will not be surprised to see this continue to grind higher without any additional catalysts, right up into what looks to be record GGR for macau and this company for the Q.
And twerk putzbreath won't understand a word of the chart speak... ROFLOL
I'll be brief, so as to not tax that pigeon english pea brain too much.
As the latest coaksoaker here, so F stupid you use the same "I can't understand polysyllabic words and call analysis 'technicals'" (LOL), here's what you need to do instead of sharing your incredibly lame stupidity here with one alias after another:
Go F yourself with your bareassfhead alias twerking yourself from the front. LOL
They were once highly desirable brands, too...
Maybe this special management team should go buy those dead brands and add them to the "emerging markets" revenue rejuvenation plan!
Those brands will be cheap to buy, about like what they got out of the Rossignol deal... and they can issue a bunch more debt unsupported by ebitda and thin equity capital. LOL