Skechers (SKX)

[cakesgood]

I've been following this for sometime, but sadly never grabbed a position until recently. After the first gap from 80-100 I was certain it would pull back. Once it reached 105 I was certain it had found resistance. Right around 120 I was like this is it, we will finally get a healthy pull back and will continue pushing. Well we are trading above 150 with pending news of a Star Wars "partnership", or whatever you want to call it. Typically August and September are slow, but with increase in revenue and the recruitment of extremely notable celebrities this thing has no slow down in sight. Unless of course we hear of a lawsuit, but it seems that Skx are the ones suing people. I finally picked up a small position at 147 yesterday on the pull back. This chart is easy to play and has very strong support from investors and employees. Analysts rating are overwhelming buys with some holds. High prediction is $208, mid range is $160, and the low end is $125. I'm in for the long haul unless something devastating occurs. I would expect to see a split at some point and potential dividend offerings. Nike will be a thing of the past