CROX took a hit from patent litigation outside of the US. Momentum is gone from this one. Though any positive news could send it soaring.
its the next wheelies...actually it came before wheelies but a bigger hyped pos...I remember about 18 months ago or less it was at 17$ adjusted for split...i told evreybody on the yahoo boards that crox is a junk fad stock that will be at 5$ within 18months...Well i caught all kinds of flak...it shot up to 77 and now is 30.I was wrong, I said it would be 5 bucks within 18 months when i should have said 24months. karen finerman went long this junk at 40-option position and said the ceo bot 1 million shares-who cares?he made billions of this fad junk...karen also said c was interesting in the lo 40s-dont know if she bot...she had a good short on big from 33... look at wamu 12...denis gartman said short cfc to zero when it was 16 and now says i beleive, kbh may go bk?
Yeah cause people will still be wearing those trailertrash looking shoes 4 years from now. Once people get tired of the fad, CROX will plummet.
CROX is not a buy and hold. Its one of those stocks you trade quickly to grab short term profits off the hype.
Do any of these have a bottom? CFC, WM, BAC, SBUX, EAT, RT, EFTC, WFC, RUTH, TXRH, etc etc Market just blows.