If the chart was upside down and you were long that stock I'd say you were "married" to the stock. So in this case surf, with CROXy continuing it merry way upwards whilst you are holding your shorts - well, can we say you are "divorced" from the stock?
Unless you are privy to some insider info or are a clairvoyant, all I can say is that I hope you don't have any real money riding on this short position. Otherwise this is madness (or - This is SPARTA !!!)
fwiw Dave, I agree with you. CROX has an indefensible market position. I'm seeing chinese knockoffs all over the place at one tenth the price. not sure when but this is going to zero Heely's already is a goner: http://www.marketwatch.com/news/sto...x?guid={B84B6223-824F-46DC-B684-DB9001416606} not much difference between it and CROX, both faddish with one product and no moat to protect the business should it turn out to not be a fad (highly improbable)
thanks babak, great info. it's just a matter of time, and i don't believe very long. holdings shorts. surf
Dude, anyone can look at insider sales info and come to that conclusion. However, insiders tend to be rather early with sales and acquisitions in order to avoid worrying about showertime in the very near future. So the question is: Is your timing correct? It would seem the answer is No. Keep on holding to those shorts
As usual, we can always count on this piker to give us tradeable jewels like this post. "not sure when..." His timing is great if he went long the stock @ $49 and then doubled up @ $51. But he went short, and smurf has lost -20% from those levels. He doesn't count it as a loss, though, it's not a closed trade.:eek: