MarathonMike
Diamond Member
A 27% bashing for lowering guidance for the next quarter seems like an overshoot to me. It's on my short list for next week as a trade, not a buy and hold. Any opinions on this one?
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What other considerations do you weigh other than a seeming anomaly in price action?A 27% bashing for lowering guidance for the next quarter seems like an overshoot to me. It's on my short list for next week as a trade, not a buy and hold. Any opinions on this one?
With SKX, they have delivered solid earnings for the last few quarters including the current one. According to everything I read and heard on CNBC was that the selloff was specific to negative guidance for the next quarter only, not for the year. Aside from that I believe they make excellent products and their advertising is very effective.What other considerations do you weigh other than a seeming anomaly in price action?A 27% bashing for lowering guidance for the next quarter seems like an overshoot to me. It's on my short list for next week as a trade, not a buy and hold. Any opinions on this one?
If I may ...how did you get into trading? Guy at work kept pestering me into taking this 5 grand class with promises of riches but I declined. He went on to lose enough he's still working instead of retiring early. Dont know what secret sauce they sold him. I assumed it was an education in some sort of proprietary system....something more than this stock is down maybe too much........please dont take offense, thats not what I'm saying you are doing which is why I am asking.With SKX, they have delivered solid earnings for the last few quarters including the current one. According to everything I read and heard on CNBC was that the selloff was specific to negative guidance for the next quarter only, not for the year. Aside from that I believe they make excellent products and their advertising is very effective.What other considerations do you weigh other than a seeming anomaly in price action?A 27% bashing for lowering guidance for the next quarter seems like an overshoot to me. It's on my short list for next week as a trade, not a buy and hold. Any opinions on this one?
I am not presenting myself as a stock analyst. If you read my original post I was asking for other opinions on Sketchers. To answer your question I am self taught and have been doing my own stock trading for 30 years. I also do not have an financial account manager. I do it all myself. Between stocks, real estate and my day job as an engineer, I retired comfortably. I trade now not out of necessity but because I enjoy it. That's all 100% true but you can choose to believe or not believe it.If I may ...how did you get into trading? Guy at work kept pestering me into taking this 5 grand class with promises of riches but I declined. He went on to lose enough he's still working instead of retiring early. Dont know what secret sauce they sold him. I assumed it was an education in some sort of proprietary system....something more than this stock is down maybe too much........please dont take offense, thats not what I'm saying you are doing which is why I am asking.With SKX, they have delivered solid earnings for the last few quarters including the current one. According to everything I read and heard on CNBC was that the selloff was specific to negative guidance for the next quarter only, not for the year. Aside from that I believe they make excellent products and their advertising is very effective.What other considerations do you weigh other than a seeming anomaly in price action?A 27% bashing for lowering guidance for the next quarter seems like an overshoot to me. It's on my short list for next week as a trade, not a buy and hold. Any opinions on this one?
Oh I believe it. Wasn't questioning anything you wrote, just wondering if you use some sort of system. Chart analysis? I am strictly buy and hold. Use IBD rules of buy and sell loosely...one of em is dont buy something going down,,,,,chances are its going to continue down. I realize that doesn't apply in day trading realm which is why I was asking how you check out a potential target? I have no experience and am interested in what you think matters ..I am not presenting myself as a stock analyst. If you read my original post I was asking for other opinions on Sketchers. To answer your question I am self taught and have been doing my own stock trading for 30 years. I also do not have an financial account manager. I do it all myself. Between stocks, real estate and my day job as an engineer, I retired comfortably. I trade now not out of necessity but because I enjoy it. That's all 100% true but you can choose to believe or not believe it.If I may ...how did you get into trading? Guy at work kept pestering me into taking this 5 grand class with promises of riches but I declined. He went on to lose enough he's still working instead of retiring early. Dont know what secret sauce they sold him. I assumed it was an education in some sort of proprietary system....something more than this stock is down maybe too much........please dont take offense, thats not what I'm saying you are doing which is why I am asking.With SKX, they have delivered solid earnings for the last few quarters including the current one. According to everything I read and heard on CNBC was that the selloff was specific to negative guidance for the next quarter only, not for the year. Aside from that I believe they make excellent products and their advertising is very effective.What other considerations do you weigh other than a seeming anomaly in price action?A 27% bashing for lowering guidance for the next quarter seems like an overshoot to me. It's on my short list for next week as a trade, not a buy and hold. Any opinions on this one?
I assume you have a real time trading program to stay current on shorts, longs, current volume? I dont think I could ever be talked into trying my hand at it especially during the correction started and the market was down 600 and then up 400 in mere minutes......and I believe the bots know everyone else's position and and bankroll meaning they know where the market break points are in either direction.I have found what works best for me is a combination of chart analysis, especially buying momentum at certain levels combined with all the news I can consume on the particular stock. Then based on historical tendencies over the last year, I pick a buy and a sell point. The most important thing for me is stick to the plan and don't get greedy.
It's a little trickier these days with news and I am very cautious with a company like SKX. It would only be a candidate for a day trade at this point IMO.
I assume you have a real time trading program to stay current on shorts, longs, current volume? I dont think I could ever be talked into trying my hand at it especially during the correction started and the market was down 600 and then up 400 in mere minutes......and I believe the bots know everyone else's position and and bankroll meaning they know where the market break points are in either direction.I have found what works best for me is a combination of chart analysis, especially buying momentum at certain levels combined with all the news I can consume on the particular stock. Then based on historical tendencies over the last year, I pick a buy and a sell point. The most important thing for me is stick to the plan and don't get greedy.
It's a little trickier these days with news and I am very cautious with a company like SKX. It would only be a candidate for a day trade at this point IMO.
I am not presenting myself as a stock analyst. If you read my original post I was asking for other opinions on Sketchers. To answer your question I am self taught and have been doing my own stock trading for 30 years. I also do not have an financial account manager. I do it all myself. Between stocks, real estate and my day job as an engineer, I retired comfortably. I trade now not out of necessity but because I enjoy it. That's all 100% true but you can choose to believe or not believe it.If I may ...how did you get into trading? Guy at work kept pestering me into taking this 5 grand class with promises of riches but I declined. He went on to lose enough he's still working instead of retiring early. Dont know what secret sauce they sold him. I assumed it was an education in some sort of proprietary system....something more than this stock is down maybe too much........please dont take offense, thats not what I'm saying you are doing which is why I am asking.With SKX, they have delivered solid earnings for the last few quarters including the current one. According to everything I read and heard on CNBC was that the selloff was specific to negative guidance for the next quarter only, not for the year. Aside from that I believe they make excellent products and their advertising is very effective.What other considerations do you weigh other than a seeming anomaly in price action?A 27% bashing for lowering guidance for the next quarter seems like an overshoot to me. It's on my short list for next week as a trade, not a buy and hold. Any opinions on this one?
Not at all, it just shows there are many successful ways to 'play' the market. That's what makes it interesting. I know a guy who is a total contrarian, shorts most of the time, and does really well.I assume you have a real time trading program to stay current on shorts, longs, current volume? I dont think I could ever be talked into trying my hand at it especially during the correction started and the market was down 600 and then up 400 in mere minutes......and I believe the bots know everyone else's position and and bankroll meaning they know where the market break points are in either direction.I have found what works best for me is a combination of chart analysis, especially buying momentum at certain levels combined with all the news I can consume on the particular stock. Then based on historical tendencies over the last year, I pick a buy and a sell point. The most important thing for me is stick to the plan and don't get greedy.
It's a little trickier these days with news and I am very cautious with a company like SKX. It would only be a candidate for a day trade at this point IMO.
True but I find it simpler to use beta>1 and either high dividend or high dividend growth. After all is said and done I invest on the principle that dividends and beta are the hardest metrics to fake. Mike and I go round and round in a civil fashion but I think it weirds him out that my goal is averaging 0.03-5% better/day than the market in down turns and doing average plus than the average in upturns.
yes robo-trading has added a new wrinkle but that doesn't occur often enough to concern me. In other words it hasn't burned me yet. lol I use marketpro provided by merrill edge which is my trading account.I assume you have a real time trading program to stay current on shorts, longs, current volume? I dont think I could ever be talked into trying my hand at it especially during the correction started and the market was down 600 and then up 400 in mere minutes......and I believe the bots know everyone else's position and and bankroll meaning they know where the market break points are in either direction.I have found what works best for me is a combination of chart analysis, especially buying momentum at certain levels combined with all the news I can consume on the particular stock. Then based on historical tendencies over the last year, I pick a buy and a sell point. The most important thing for me is stick to the plan and don't get greedy.
It's a little trickier these days with news and I am very cautious with a company like SKX. It would only be a candidate for a day trade at this point IMO.