Thread regarding Nike (NKE)

I certainly think so. At first sight, the company is doing well and continues to grow, and looks very healthy (in terms of business). Aside from those facts let’s keep in mind that this is an expensive stock to buy and that times have radically changed since last year when the stock skyrocketed. I’m not saying that there is going to be a radical drop in the value of the stock in a short time, but there is a big possibility that the stock could start declining. Buying it at 160 per share in these uncertain times seems more like gambling to me than like any sort of rational investing.