Post #994 by carolsharp on the Falling Knives board

Investment Strategies / Falling Knives

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As an aside, Allbirds was just sold for $39 million. It was worth $4 billion in 2021.

The stock chart (BIRD) says it went from $520 to $2.

An impressive 99.5% loss.

I know Nike is no Allbirds, but I don't do apparel stocks anymore.

I've owned Coach (now Tapestry), Deckers, Gap, Lululemon, Michael Kors (now Capri).

Made some money, lost some money.

Don't own any anymore. Too hard pile.

Apparel is too fickle.

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