UA's stock went vertical into Kevin Plank's presentation at the BofA/Merrill (or whatever the proper name) conference. It sold off literally when he opened his mouth, but then had a solid recovery. Pardon me for stating the obvious, but I'm fascinated by stock moves in and around conferences. (Check out the post I put up when Warnaco pre-announced without a press release at the ICR conference).
This one, however, did not come as a shocker to me. UA's numbers at retail have looked good -- and continue to do so this week. Footwear share continues to grow at an obscene $92+ price point for running, and though apparel ticked down this week, it's share is up by over 100bp on average in each of the pat 6 weeks.
I still like this name a lot in 2009.