Andrew Horowitz submits:
Aside from Skechers (SKX) shoes being rather ugly, the idea that this new technology / shape will help to shape you up by the nature of its design is close to ridiculous. They appear to be sneakers for befitting of the stylishness of Tweedle-Dee and Tweedle-Dum, but that is my opinion. As for the facts of this company, there are many that also point to ugliness in its stock price potential.
Currently we are seeing an opportunity for a limited risk short on Skechers (SKX). Technical levels are all pointing to a short-term pull back with Stochastics exiting the overbought territory and sloping downward. We are also seeing Relative Strength beginning to decline and the MACD crossing down. Secondly, on 3/3 we saw an substantial increase in insider selling taking place.