CROX: Dead cat bouncing downward.

Discussion in 'Stocks' started by scexglobal, Feb 6, 2008.

  1. Ever heard the saying, "Even a dead cat will bounce if dropped from high enough!"?

    Look for further down-side movement from the former high-flying CROX stock. After the brutal November 2007 sell-off, the stock has entered a dead cat bounce cycle

    A dead cat bounce is a temporary recovery from a prolonged decline or bear market, after which the market continues to fall.

    Although CROX has experienced tremendous growth, its prospects, as the U.S. enters a possible recession are limited. Fundamentally, it sufferes from a potential 'fad' stigma and since the companies' shoes are made of a plastic, the product may last too long for consumers to buy their product over and over again: this hints at market saturation!

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