The Long Investor
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$NKE TOP 10 & TOP 20
🕑 Added 2025-04-27 18:54:11 +0000 UTCI want to remind everyone why I added $NKE at $55.
I am adding with the anticipation that $NKE can turn things around, in terms of sales, revenue, margins and growth.
I believe they have the arsenal to return back to former glory levels and the pull back since 2021 is Cycle Wave 2 and the Wave 3 target is the 1.618 Fib at $326 which would be close to a +600% return.
This may take 5 years to return but all we need to see is support held and the start of a new impulse wave and we can add and trim as the price moves higher over the next few years.
So a +600% gain could be +1000% gain if we play the primary waves successfully.
Something I am happy to do.
I am also considering adding again under $60.
Comments
DC
Even after the correction, the multiples don't look cheap 30x FWD PW On my watchlist but...
Daniel
already overweight here, hard not to continue going overweight the moment revenue, margins and growth return.
Magopool
Opium 😘
