I wouldn’t doubt that many of these companies are looking to drop stock prices on purpose? Probably to buy back at a lower price in the hopes to have big gains in the next 18 to 24 months.
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@OP you’re a genius for figuring this out. Kudos to Nike for pursuing this strategy of intentionally driving stock price down for the long term benefit of the company. I’m curious when other companies are going to get on to this strategy and do the same.. good thing we started early.
Great entry point is 35$ or below, don’t wait till the price hits $30, whales will already be jumping in. Calling $50 by this time next year.
Can confirm. Know PFWTM. 30 is the goal. Then up.
Yes the price is being driven down by shorts and others to buy cheap. Nike also likes the lower price as it can buy back shares cheap to boost EPS. Denton is going to boost that stock price cause that’s what he does and why he was hired. Scam street knows this and wants it cheap before he can get started with cuts snd efficiencies. He will get the job done like he has at every other company he has been at. Look him up.