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Why do you think the worst is over? Do you see some reason sunglass sales will show some sort of tremendous growth in coming months? I don't! Demand seems very weak. That is why Oakley is making this desperation move into shoes. The stock is still very weak technically. I have warned of my strong belief, based on my own T/A that Oakley is headed back to 8 or 9. Many people bought the stock when it consolidated in that price range late last year and early this year and have held while it went as high as 14 3/8. They had actually seen paper profits of over 50% for a time. Now the stock is in a serious downtrend (AGAIN!!!), and their profits are dwindling. As each rally fails, frustration grows, and more people decide to bail. That is only part of what is happening. Also consider the numerous poor souls that have held this dog all the way from 20+, even 19, 18, 17, 16...etc. and never sold. They kept hoping for a miracle that never materializes. Since the losses are mounting, they will likely be forced to sell for a TAX LOSS!!!!! This is all part of the scenario, and it is unfolding in front of us all.........Praying won't help, Jannard buying more won't help, YOU buying more won't help. I don't even think the SHOES will help. IT's THAT BAD!!!!!! |
