DKS Dicks Sporting Goods

[KenBro]

Ouch I can't sit down after buying 101 shares on the open at $35, man that was not good news about Gaylans. Oh well like the man says he ain't always right but it might be a "mon-back" time at $33 a minute ago?

I do like the investors section on DKS's website. The management looks solid with E&Y, Mervyns and J.C. Penny executives. I thought they had already wrote off all the merger costs last year.?

Anybody been in a Gaylan to Dicks converted store? Are the employees happy? I live in CA so have no 411 on the parking lots or employee morale.
Peace-Out
Kbro

[Natural Gas]

Tried to get in last night on extended hours at market close. My limit order did not go through. Boy am I glad. Todays tumble made me rethink.
Now I'm in at 33.89. Can wait for it. Great company, timing looks good for the fall surge.

[deepinwonder]

I made a rule for myself that if I can't see a store or restaurant with my own eyes, I'm not going to invest in it.

[deepinwonder]

Just found this news about Dick's Sporting Goods lowering guidance on thestreet.com's main page, today!

http://www.thestreet.com/_tscs/stock.../10238235.html

[deepinwonder]

Cramer said to sell on his show, tonight. You might have gotten in low enough, but it could go down further, because of the guidance. The analysts are not always right, someone downgraded one of my stocks last week, right before it shot up $1.45. I'm long on that one and trying to make it back up to where I first purchased it (just about there) and beyond. It dropped because they are issuing more stock for another acquisition or three. Constellation Brands (STZ) the wine company.

[Natural Gas]

Must say I'm disappointed in Jims position. To make a "pick of the week" on Monday and then turn around on Tuesday and be "down on retail" is not good enough. He may not have seen Galyan coming but where was his guru Greenburg on Monday? Where's the "HOMEWORK"? Is this how he became the multi millionaire and retired early? I've tracted many of his "Bullish" calls from his first show lightening round and have found most (75%) are down from his "up" calls.

Love the show and watch religiously and have made some money but I'm down on CKR(sold it), CX, MDRX, SBUX and now DKS(holding). All emphatic BUYS. Did make some on BOW, SGP, YHOO, GOOG, EBAY, MOT but not enough to cover losses thus far. Fortunately my future doesn't rise or fall on this, after all it is MAD MONEY. Booyah Baby!!!!!!!!!

[jbtrader23]

I love Jim's show. It's sad to see this DKS debacle.

I think he needs to focus more of the show on the psychology of investing and the mechanics, rather than just throwing out names and getting side swiped by a stock like Dicks.

His honesty is refreshing. Hope no one got hurt real badly on this one.

[Yaya]

I agree about his honesty. I liked that he didn't ignore it or try to convince peeps to stay in there when he would jump ship. That's why it's great he preaches that we all should do our own SPADEWORK

[Trey]

dks down down down, what a screwup he had. Real bad man.

[sellsellsell]

In Cramer's defense..he did say 'do your homework' about 10 times Monday night when he was making the recommendation, and that he was sticking his neck out a little.

I'm going to watch Dick's and see what happens. There are none near me, so I can't do on site research which will probably keep me out of it.