what is going on with Nike stock? Nike is go woke, go broke, you know, just like I'm not going to go in there. Yeah, you know what Nike is, but let's have a look at Nike. Um, I don't know why companies do that.
I don't know why they try I I'm not going to get myself into hot water by saying things that are just so obviously stupid. Yeah, this one. Let's go back. Let's just start looking at the alltime chart.
So, this extremely oversold. Wow. Wow. like literally minus 10 on mean reversion. That's a record record oversold but it's also a turd at doesn't like we're on the monthly time frame here so very big time frame.
Uh and by the way sometimes people think oh it's cheap we should buy it. No sometimes companies are just dead. Let's go look at the financials again. First step for me is always the numbers.
Um, no growth, shrinking, not very exciting. Uh, also no growth. They did have a very big surprise, but that's probably due to some type of accounting irregularity, whatever. Maybe some incurred benefit or whatever, but I don't know.
I don't I don't do I don't do sports. I do AI and crypto. That's it. I'm very single threaded. Um, so Nike I would not touch.