Archive for the ‘Prophecy’ Category

Stock Pick

July 6, 2007

I’m calling it: Short Skechers (SKX) at 29.80. I just saw an ad where they advertise their ticker. I don’t like the strategy. Time was, the shoes were popular and the product sold itself. Now they have to reach out to investors because 13 year olds have moved on.

Sure, it’s already fallen about 8 points since May, but that’s no reason to think it won’t fall another 8 points by September.