I made 16 points going long CROX, much of the idea thanks to marketsurfer. In only 2 months, I made +33% on this pick! I sold out at $63.10, and am now convinced CROX has washed out most of the weak handed shorts. With this said, I now beleive CROX is a short. I shorted CROX @ $67.25. I don't know when i'll cover, I want to see how it goes. But I will definitely time stamp when I cover on ET, win or lose. Any opinions would be appreciated!
Now is the time to go long? Looking at the chart, the time to go long was 6 months ago when the stock was $20-$25. You probably said the same thing at nasdaq 5000.
haha, bob rowshan fades marketsurfer who is now being faded by damnit, so damnit == synthetic marketsurfer!
Bob, you are aware that "Surf" got his head handed to him on this short trade ? Shorting CROX has been like trying to short GOOG for the past year. IT HASN"T PAID OFF. Till possibly now.
Very aware. I rode CROX the entire way up because I knew that surfer didn't understand shorting. Short interest has now plummeted, so maybe now is a better time. We'll see
Shorting is much different.... it requires so much more DISCIPLINE.... and short positions are typically so much shorter in time-frame than long positions.
Excellent post! I totally agree. To be a successful short seller, you must be disciplined in your entries and exits and able to see the trade to fruition over a short time period. Short sellers who hold shorts for long periods of time usually lose.