Thursday, June 25, 2009

Nike trades down

Nike misses (future orders) and is trading at 50.55 in the pre-market, down 2 1/2 dollars, and down 7 points in the past week.

Nike's job cuts will help future earnings, and NKE can continue to squeeze suppliers.

When Fed-Ex "missed" the stock rebounded.

I think it's the same here, and that 50 is a decent entry point.

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