Rare Bob Rowshan stock pick--short CROX

** Rowshan Alert **

Doubling up on CROX short. Twice failed to break $70, looking for lower prices starting today.

 

just wondering - other than the fundamentals / super duper long run of the stock, why did you pick this time to go short?

i'm just asking (and have watched it) because, *even now*, if i weren't a daytrader, i'd only be looking to go long the stock since i haven't seen exhaustion selling (which i'd like at the end of a 'fad' stock), or a spike up / spike down / half spike up, or anything like that which would show the run was coming to an end.

 

this will either drop 8% or more on earning or surge to new highs

big gamble if you're short

 

I think I already mentioned my reasons in this thread. There are a few reasons, short interest has plummeted to a fresh low as the stock surged to new highs. And and a triangle formation that has bearish implications as it fails to break $70. And a hunch.

 

Great insight stock turder! So CROX will either go up or down. Are you sure?

 

thanks bob...good luck with it. i have no dog in the CROX race, but i like finding others' reasoning...

 

And thank you. Your good luck today helped push CROX -$1 to $66.
A real technical breakdown is now at hand!!

And yes I did double up and with real money too

 

CROX increasing volume, now twice failed at $70, short interest has plummeted,
all adds up to acceleration to the downside.

Nasdaq @ 2701.5 when thread started
closed today @ 2772.2

Nasdaq +2.6% during period 9/30-10/11
CROX -1.9% during period 9/30-10/11

That's profitable short selling !

 

Now looking for $60 as target #1

 

well, i hope you don't blame me for the runup on friday...though i'll take full credit for the good luck before! just kidding.

would your stop on this be based on time, price, volume, or feel? it just feels to me that it wants to do one more breakout on volume, to sucker 'em in...but what do i know? i'm not a swing trader...