If institutions were buying the volume would be 1x to 1.5x the average daily volume.....
....but instead, it's only HALF the average daily volume.
That's a sign that it's only FOOLS buying the stock that think that a stock split somehow increases the value of a company.
This stock WILL come back to reality......sooner than you think.
With the stock split will come more liquidity......which will actually drive this stock DOWN.
Watch and see, rookies.
I've seen this game hundreds of times.
I posted on that board many times when that stock was in the hundreds that it was going to single digits.
Those BAG HOLDERS all blasted my posts too.....just like you MORONS.
Just one thing.......I WON.
Lay off the crack pipe, sport.
SKX is the old LA GEAR......read the history on that company.
SKX will fade just like LA GEAR did.
$300 is a pipe dream.
They make "fad" footwear........and they can't and won't keep growing at 30% Y.O.Y.
Only a FOOL would believe that.
And all the "pros" on Wall Street were scratching their heads wondering "why".....and then "BOOM" it hits them, and Pisani reports from the floor that the reason was because when the company has their best quarter ever, and margins were the best ever.......how are they going to top that?......THAT is the TOP.
Same for this bloated stock. You DOPES think this thing can keep growing at 30% Y.O.Y....???
Yeah, sure it can. The MINUTE this thing hiccups, it gets a 30% haircut.
Believe me....SMART money is SELLING.........and you FOOLS are going to be the BAG HOLDERS.
....and smart money knows it.
You always SELL when things are the very best......because they can't get better.....and this is the case right now with SKX.
There is NO WAY on Earth that they can continue to grow at 30% Y.O.Y.........They know it....and smart money knows it.
Only a fool is buying at this level.
....and I've got some GREAT swamp land in Florida that will interest you.
This is the easiest and best short on Wall Street right now.
I already made 5 points after hours in my first trade, and I'm UP over 5 points in my second trade after hours.
And when the market crashes......this bloated stock will crash with it.
Already back below $140
LOL.....you're drunk, sport.
And you think that they can continue to grow at 30% y.o.y????
Yeah, sure they can.......and this is tech in 2000.
Keep drinking the KOOL-AID, sport.
They can't continue the pace they're on......and they can't continue at the pace Wall Street has priced into the stock.
BEST short on Wall Street here.
That was easy.
This is easy money now on the short side.
It's THE BEST SHORT on all of Wall Street at this level.
I WILL be buying OCT PUTS in the morning
That is totally ridiculous.
This stock is worth HALF of what it's trading at today.......at the most.
LOL......What a bloated JOKE.
That's hardly a hardcore professional athlete.
And you MORONS think that SKX can take market share from NKE and UA?
LOL......you people are really idiots.
See you at $90.00
SKX is NOT a full blown athletic apparel and equipment company like NKE and UA......and they never will be.
They are a manufacturer of fad, casual footwear.......and a fad can change in an instant.
They are NOT in the league with NKE or UA....or Reebok, or Adidas.
But you morons think they should be priced like those companies which is a complete joke.
This company is overvalued by at least 50%.
It's valuation is more comparable to Madden or DSW.
You longs are FOOLS.
Smart money is exiting this stock in small lots so as to not cause it to fall off a cliff.
But make no mistake, they ARE exiting the stock.
The PUT volume has gone up the past two days.
See you at $90.......then back to $70.
....and you FOOLS keep buying.