Traders Cooperative

[peng]

The time when you are most scared to short... that is the time you are likely to not make money... the time to short was this morning when it was pushing in the $70's nearing another 52 week high... that $70 number is going to clear the minds of the longs and let them remember how overblown this has become... DECK longs are lucky that their earnings were so great in the recent quarter because the market was preparing for a dump... this inevitable occurance should happen shortly... and is beginning now... this needs to head back toward a more reasonable p/e... over 20 on this company is ridiculous... the winter is over... and it's unlikely the popularity of the UGLY UGG's will continue... they are out! IMHO!