Agreed. Its crazy that nobody is talking about how insanely over valued NKE is. It missed eps by .50 last quarter! Now all the sudden its supposed to bounce back to growth while the stock is way above pre-covid highs, even though its very clear revenue and earnings were heavily effected. Yeah I agree, and I was riding $NKE calls over the past two weeks. I think that people saw tons of revenues at sporting goods stores and thought to themselves, Joe Bidden Campaign Debate Moment landing Fly on Mike Pence T-Shirt “oh they sell Nike shit dont they?” But it was all fitness equipment, camping gear, games and trampolines for the kids, bicycles, etc. I think people are just fundamentally misunderstanding how other people spent their money during the pandem
Joe Bidden Campaign Debate Moment landing Fly on Mike Pence T-Shirt, ladies tee, tank top, v neck
It had been dropping because forecasting for steel demand was expected to come out as poor. But that didn’t happen and the demand is actually improving. I got lucky actually because I saw a brand new comment on the Daily Discussion thread right at market open and bought 50 calls that I sold 2 hours later. My only profitable play all week! incredible write up…. thank you. never had any idea the market can be an indicator of the upcoming election. of course, like everything, it works until it doesn’t, but 87% since 1920…. wow Joe Bidden Campaign Debate Moment landing Fly on Mike Pence T-Shirt Treat battery day like earnings and plan on IV crush; sell calls before close Tuesday, buy more shares in case of a run up. Alternatively, buy spreads, or let one contract ride if you’ve made enough profit on others?
Joe Bidden Campaign Debate Moment landing Fly on Mike Pence Sweatshirt, hoodie
Down. No stim incoming, presidential debates will be closely watched and could sway markets, lots of volatility ahead, institutions are rotating out of tech until 3rd quarter earnings either prop things up or don’t and indexes may drop to 200 Day SMA. Agree, thought it would be bullish until Sept 18th and then S&P turned away from mid BB and below 50 MA. Now even further away from 50 MA, close to 100 MA – pop last Friday still didn’t get above 330. Never know but looking a bit like March 4th now – green day, one yellow TTM bar in a sea of red and then afterward plummeted down again. Joe Bidden Campaign Debate Moment landing Fly on Mike Pence T-Shirt Yep yep at that point depend on new stimulus passing and how presidential debate goes Tuesday. If there’s a whiff of delaying stimulus over the Coney nomination – could then hit 2700-2800, scare Congress into finally getting serious.