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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: lh56 who wrote (88466)	6/29/2002 12:34:06 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

I do not see that, I was under the impression that SKX was having NKE for lunch, in 10 years, they grew from zip to to a billion bucks, not too shabby. The only short term concern is the potential for some barrier in the $23/24 area, possibly associated with hedging by the buyers of its recent converts (conversion ratio just under $26). Not much increase in the short position since the issuance, of the converts. Still there is a solid base of shorts in the stock and that could provide later in July (they report late in July, I don't have a date) a boost and it will be interesting to see if the $23/4 area can be taken out by the time earnings are announced. Zeev