iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Averaging Down on DECK

The fucking analyst at Sterne Agee today downgraded DECK this morning, based upon weather, Nordstrom’s website and the fucking price of Sheepskin. He deduced from all of this
“the mania is over” and reduced his price target from $130 to $72. He hedged his incredibly aggressive call saying he does not expect Q4 numbers to be affected. Instead, he is looking for fire and brimstone in 2012.

Fuck that shit. This is a classic average down situation, as the company doesn’t report until February. More so, if the fucking weather get a bit colder next week, all of the asshole analysts will come out of the wood works, suggesting the cold weather trends bode well for DECK. I am using this dip to add to my position by 1/3rd. I will add another 3rd if it gets into the low $80’s.

The market looks okay early on. However, I am not getting excited until the rivers of cocaine are flowing again. Until I see Rick Ross on CNBC, handing out bank notes to the women on the NYSE, this rally is suspect.

Fucking suspect I say!

Nevertheless, I am long and staying that way, focused on GSVC, REDF, RBCN and this cocksucking DECK (for now). I also like LULU, MDR, TNA and DVR.

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9 comments

  1. omen

    first ? 🙂

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  2. Jin

    Another strong open followed by a fade.

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  3. Dr Funk

    Why do they keep gapping these things up. Maybe you guys would actually get something to build on if they didnt do that

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  4. juncmann

    UGGs are hot in Chicago’s western suburbs when last year didn’t see so many. I seem to have heard UGGs were among most searched words on Google last few weeks.

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  5. Jakegint

    The fucking analyst at Sterne Agee today downgraded DECK this morning, based upon weather, Nordstrom’s website and the fucking price of Sheepskin…

    Whattaya expect from a bunch of sheep-shagging ‘Bama bucket-shop purveyors?

    _________

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