Skechers (SKX)

[cakesgood]

I can understand from a technical point of view why people are thinking short. I mean look at the RSI on the weekly chart! It's been flying high for so long. There are gaps galore that should have been filled, but clearly haven't. I personally thought when it gapped from 80-100 that it would retrace, but boy was I wrong. Same with the most recent gap. But as they say do not fight a chart with momentum, you will not win. I read an article saying that like 90 firms increased their share count of skx, while a small handful cashed out. If you take a look at Nike, you'll see that they have been trending up for years with multiple splits and dividends. Skx has no dividends or splits, we are at the beginning of this adventure. I could see skx taking the lead over Nike at some point in the near future, they are killing it and have no signs of slowing down, unless of course they get sued in some respect, then expect the shorts to be all over this. As for tomorrow we shall see a break of 160 and a continued trend, hopefully.