Wolf Money(Nike Inc.)situational (NYSE: NKE)

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I have taken a small punt on Nike. I find the stock grossly oversold for a good reason of disappointing sales in China and competition from On and Hoka chipping away their market share. The stock is trading at 11 years low. Major support can be seen at $39(2008 lows). I buying it due to the upcoming World Cup with 12 teams playing under the colours of Nike. RSI at 21. 


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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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