Sep. 19 at 11:10 PM
$NKE What I find interesting is that we aren't really in a worse position now compared to last year. Earnings have levelled out, inventory levels are stable. Yet, here we are 50% down mostly on news that everyone knew a year ago. That's how a stock gets oversold, a trend starts and if it isn't broken it doesn't level out, it continues to decline until a reason to reverse comes along. In my opinion it's time to start buying and to average down if earnings cause this to fall into the
$20's. You're buying the same company that was selling for
$70 a year ago.
