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.
Well said. Smart money is starting to realize what you posted......hence the biggest one day drop in the stock all year.
You are right.....SKX is going to get absolutely clocked.....and a LOT of people will lose a LOT of money.
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.
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.
This stock is nothing but an overpriced MOMO, cult stock that is ridiculously overvalued.
See you at $90
dream on sport.
the p/e for this bloated stock i in the stratosphere.
China will crash further and you will see a global meltdown.....its coming ......and those who aren't prepared will lose everything.
UA will not flourish while the world financial markets crash.
you better read Ray Dalio's comments, amongst others, about what is fast approaching financial markets.
This bloated stock will get cut in half.
The FED is going to be forced to raise rates after that jobs number today.......because they are already behind the curve on inflation......and if they don't do something soon, that inflation will become hyper inflation and this economy will collapse under all the debt.
We are so close to becoming Greece......and you FOOLS don't even realize it.
When consumer discretionary stocks are your market leaders.........you are in BIG trouble.
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
This market is going to get absolutely clocked.
The retail investor, along with many funds, are FULLY LEVERAGED........which leaves them extremely
vulnerable, and also ALWAYS signals market tops.
This is going to get VERY UGLY for you SHEEP that are drinking the KOOL-AID.
Stupid surfin "dude"......you live in a basement apt with 4 other surfin "dudes" and you haven't got enough
money to afford yesterday's newspaper.
So how would you have any money to buy a stock?
Nice try, sport......err.."dude"
....and this bloated stock will get cut in half
Hey sport.....explain why SKX took such a big hit today.......the biggest one day loss all year.
You think that was just by chance?
Also....take a look at the well out of the money PUTS today.
Wipe off the fog on your glasses, sport. You can't see clearly......because you are missing the obvious.
This stock will go back to $40.00
It DOESN'T make money.....it's purely a MOMO play.
And MOMO plays ALWAYS end in disaster for longs.
I thoroughly enjoy taking money from KOOL-AID drinking FOOLS like you.
You better check the way out of the money PUT volume, sport.....it's telling a story.
Don't worry sport....I WILL be here after they release earnings. Just make sure that YOU don't
magically disappear like all you SHEEP do when these bloated stocks don't go your way.
You FOOLISH SHEEP don't understand basic economics.
When your large cap industrial and tech stocks are no longer market leaders......
.....and CONSUMER DISCRETIONARY stocks become the new market leaders.......you've got a stock market and an economy with a HUGE PROBLEM.
Watch and learn.....this is going to be an expensive lesson in finance and economics for you pom pom shaking cheerleaders.
UA's earnings weren't nearly as good as so many of you FOOLS think.......and smart money now knows that
SKX will disappoint Wall Street........and they are bailing out before earnings.
See you FOOLS at $90.00
This MOMO bloated stock is going to get hammered.
This thing is going to get absolutely clobbered......and smart money knows it.....that's why they are getting out today, after seeing UA's earnings.
That is totally ridiculous.
This stock is worth HALF of what it's trading at today.......at the most.