Nike is a failed investment (disaster) but offers a potential contrarian bounce trade similar to Netflix.

Opinion on Nike. Nike has been a disaster. Nike is a reason why you need to be an active investor besides an active trader. I guess this could pull a Netflix now where, you know, it was so broken and so battered. You know, you could be long Nike if you want to. This I'll frame the trade for you. You want to be long Nike? Here's your stop. 3197. Take the last year plus worth of pain that everyone else took by thinking Nike was good. Okay, so here, look, this has been obviously absolutely crushed. Crushed like you go all the way up, crushed. So, and there was so many ways to get out. So, but if you want a calculated, you know, trade, sometimes these are good. This might be better closer to the new year because you want to have tax laws selling. You could have some tax laws selling, but um perhaps it wants to fill this gap. You know, remember when everyone hated Netflix so bad, but they, you know, gave you a trade post earnings that was right here. you know, finally after a move from from where? From like 133 down, it filled this gap and then uh you know, and then gave you a broken bounce off of um off of that low. So, this is very similar where guys went long versus 65 and then it gave you it gave you a move to 83. Choppy as hell, no momentum, not you're not you're not talking SpaceX. You're not talking Nvidia through but you're talking Hey, and then now it's all the way back. But it just goes to show you that some names of the past just never come back.