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Jenna: How do you like SKX for a value play at this price?
The only negative I see short term for SKX is that all the funds want out before the end of next month for window dressing. Hoping they can fill this gap before then.
I think it's relatively safe now for someone with a longer term horizon, say like 2 weeks! LOL!
SKX institutional ownership less than 50%. That should minimize the bozo fund selling that typically goes on for days after this. Kept my powder dry to double down from these levels again if need be.
Bought SKX at $10.32 eom.
SKX PEG RATIO at about .5. Unless thier cooking the books, I would asumme that thiers not much downside anymore.
ZEEV: SKX - If they hit $1.50 in earnings for thier fiscal year, the PE is under 7 at today's price. This one should produce a nice return over the next few years would be my guess. If it breaks 10, where does it go from there?
Actually, if you take out CMVT debt, it's trading for net cash right now. A free business, imagine that..
Just bought CMVT at $8.13. On a nice run, earnings are tommorow, and it's trading under $8.50 book value.
Short BAC at $69.25
I expect major volatility both ways, but for the next week I am expecting big losses for the DOW. The COMP will go below yesterday's low too in the short term (enough to get INTC to low $15's again), which means the SOX could be in big trouble here.
Anyone else eyeing BAC as a short? Hollow red candle yesterday and a gap today indicated more downside to come.
A rally of MAGNITUDE PROPORTION...would be nice right now.
Over the cliff we go? Maybe, but just for a short while I think. Holding longs still..
What's holding QQQ back today?
I concur. I am looking for a 3 day rally to get us to 1365-1370.
Easy for who? Put/Call ratio is high, so I would presume that a gap up does not make it easy for the masses at all.
SOX has no room to the downside for our "bull case". Let's pray for a nice gapper tommorrow..
Well...I'm keeping my longs. Zeev can do the worrying for me too.
Well Zeev, interesting face off we have here.
We will need to wait until tommorrow for that. As for your nap, you might as well take it now..
This is plain UGLY... and I will hold for the bounce.
Busy signal, huh? Very governmentlike operation. I suspect that thier still on the golf course from this last weekend, but they could call thier troops on the wireless, you would think.
WOW! CREE KILLING ME! DOWN 11%!
With the KLAC warning out of the way now, the SOX may get some support?
Somebody call the 2:22 PPT!
QQQ is our 3 legged table right now. Needs to show better strength.
That would be fine, as long as I can get my last meal! LOL!
OK - I'm sick of this "whipping boy game". 2:22?
Just added more CREE here at $12.80.
I don't know about 1300, but how does a 1297 close sound?
Yes. eom
My "gut" tells me this was it, just brought out the wallet and bought more INTC here at $16.02.
zigi: I don't think "they" wasted this last month of confusion without picking up shares to run it up in the short term. This is time to buy the dip, and I am by no means a perma bull or bear.
Steve: It's OK if we still close around here. It's tommorrow that will tell all. Don't get me wrong. a nice hammer in the chart here would be bullish, but the reversal would give itself away to too many people. Looking for a gup UP tommorrow with no looking back if we close around here. If it doesn't materialize, I will join the sidelines team for a few sessions.
Boy! Talk about make or break for the SOX right now. If there was a time to be bullish in the sea of pessimism, this is it. In INTC at $16.12 eom.
Nasty day today...but I am doubling up on my QQQ position at $22.65. Can we see $25 please by the end of the week.
Today is boooooooooring. Contemplating about taking the day off from trading and making this a 4 day weekend.
KKD looks ripe for a short, if your so inclined to play the "dark side".
hk2: Feel the same way. Plenty of time to scalp good money both ways out of these issues.