IMPORTANT: Make sure you read this post as there was an error with this price quote.
In December 2012, Deckers Outdoor (DECK) warned on sales. The stock fell from about $50 to $35 before recovering to $66 highs.
In 2014, the stock fell from $90 to $75 on sales again before running to $100 highs.
Just the other day, the company missed its numbers and cut its outlook. And again the stock plummeted.
But it’s now become massively oversold on RSI, MACD and Money Flow to a point where we see a historical bounce.
And we believe it could recover well, handing us respectable gains with patience.
In addition to holding all open trades, consider buying to open the DECK June 2015 67.50 call up to $2.30.
Good Investing,
Ian L. Cooper
Forgotten Profits