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Teledog
Teledog vip
P&P Score: 4.27   Points: -40.05   Accuracy: 50.00%   Average Pick Score: -3.68   Annual Return: 5.83% (10.12% since 8/31/10)  

Teledog's Blog : Blindsided by CROX

Date September 16, 2010    Comments Comments (9)    Rate this post Recommend This Post (107)   
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I'm doing some mental digging on what happened with my pick CROX. I gained almost 10% and then black Thur it fell 20%. I foolishly didn't put a stop loss that covered my profit and am quite frankly surprised it hasn't rebounded to at least the $11.80 level afterwards.

From what I've read the financials remain fair to strong with CROX but the drop came because of doubt in Sketchers and industry pressure.

Any insight you can provide is helpful to avoid this type of fail in the future.

Also, I'm still bearish on this stock, but I'm forced to be patient with this for a longer period than I anticipated. Should I turn bull?
Tags : CROX   SKX  

9 Comment(s):

Author Burtman     Date September 16, 2010 12:49 Abuse this post Report Abuse
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Technically you should have been cautious at the double top of $14. Crox is forming a triangle at $11 at the moment. Most of the time the direction out of a triangle is the same as the preceeding direction which was down. I would wait a week or so IMHO.
Author JoeJustJoe     Date September 16, 2010 12:51 Abuse this post Report Abuse
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I'd wait fer this numba right cheeeya >>> .50 centavos :o They turned me down on my idea to come out with the cherry red flaverd goooey chew shoes. This is the second time in 2 years now. CROX will find out what happens whenst they fugg wit a superhero now. *-) 3J
Author InvestmentMAGE     Date September 16, 2010 13:37 Abuse this post Report Abuse
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ValuEngine claims CROX is 36.69% undervalued.

MAGE
Author JoeJustJoe     Date September 16, 2010 14:03 Abuse this post Report Abuse
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Make that 56% undervalued...by the close on Mon. According to yer numbas that is *-) 3J
Author InvestmentMAGE     Date September 18, 2010 01:10  Edited: September 18, 2010 by InvestmentMAGE Abuse this post Report Abuse
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Hey Teledog,

I've uploaded some info on CROX here:


MAGEs P&P VIP Lounge,

(click on it)

You are welcome to join and review what is available.

Cordially,

MAGE
Author JediStockMaster     Date September 19, 2010 02:16 Abuse this post Report Abuse
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No one gives a crapshoot about Fundamentals friend. By the time the Fundies hit the news wire the Candle patterns already warned you what was about to happen to the stock. Doji into a double top resistance area at $14 should already tell you to be cautious and take some profit off, a break below the halfway point of the prior bullish candle got you immediately out of this stock before it crashed. This stock is now forming a clear bearish flag pennant for another 20% drop on the way. Short to the 200 SMA target at $9.60. For those of you who arent familiar with price and candlestick patterns and the Force, get educated my friends.The Dark Side has imbued this one.
Author InvestmentMAGE     Date September 19, 2010 03:37 Abuse this post Report Abuse
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Jedi,
I like the cut of your jib.
Come over to the dark side, we have candy.

MAGE
Author InvestmentMAGE     Date September 23, 2010 14:13 Abuse this post Report Abuse
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Hey Teledog,

Hope you held on.

Cordially,

MAGE
Author JoeJustJoe     Date September 23, 2010 14:58 Abuse this post Report Abuse
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Compooters goin nutso anna it ainna just mit CROX. Last trade on CROX at 12.32 and ssstuck thur for several minips whilst the bid/axed drops closer to $12 dollahs. It also did a quick drop to 12.19 fo no "apparent" reason. Just wanted ta letya knwo what yer dealin with is all *-) My targut fr CROX is still in the $8's within 10 trading daze BTW :-) 3J
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