For thoses that have bought RAI with me, u will be smiling now 🙂
On Friday, i entered an call option of 55 on Nike, this is my first options. Nike is a market leader in the sporting market. Poor performance in 2016 is due to strong competition from Adidas (NMDs and Yeezys). I belief the moment Nike will continue to innovate and gain back its momentum in 2017.
60 is a safe call
70 breakout if its competitor are not performing as well.
From The Nilson Report, consumers are turning to Credits/Debit cards and electronic payments.
This chart shows that Visa is a market leader in the cards industry.
This is a stocks price movement of the top 3 traded companies in the US market.
Visa have strong business fundamentals and it under-performing compared to it’s competitors.
I am long on VISA. Currently have a small position in VISA
Looking to take profit on VISA at 83
Last night was the starting of a new trading day. All my stocks were going strong except for my casino investment in Wynn.
This week i am going to look at Nike. Daily technical show bearish, but rejected the 50 multiple times. Monthly and yearly view is oversold. Hence i will say not undervalue but Nike is in great value now.
It have a strong moat like what buffet like. Still a market leader in sports market despite fierce competition from Under-amour and Adidas in the past few quarters.
Enter the market now – 50 range
Enter half position now and enter 2nd position if it drops to 40
Wait till it drop till 40-45 range
Entry point will be 50 for me
Short term TP – 60