They are know to go after stock hitting or near 52wk hi because no resistance above except some profitaking...the theory works
From Zack comments: Crocs, Inc. (CROX) recently reached a new 52-week high on the day it announced that it will be releasing its first apparel line. In late July, the company posted second-quarter earnings of 58 cents per share, which soared past the year-prior 19 cents and topped the consensus estimate by 32%. Second-quarter revenues shot up 162% on a year-over-year basis. Crocs now expects full-year earnings to range between $1.89 and $1.93 per share. Analyst are currently expecting earnings of $1.97 per share for 2007. Wall Street estimates stood at $1.53 two months ago.
zacks has been very high on crox for some time now. that's actually how i first found my way to this stock. through a free trial
crox was their absolute #1 choice on the Timely Buy's Portfolio and for good reason.
miss: I don't know about the tool bit, but I do know that the name of Jesus (always capitalized) is never to be treated in a trite manner. We will ALL someday appear before Him for final judgement.
That is the best. The echo effect. I am so full and blah from my giant buritto I had for lunch I couldn't figure out why I had read those segments twice. It's like when you're in the shower and you can't remember if you washed your hair or not. The dude wrote using the echo effect, I like it cool.
...thanks man, good stuff.
washes the negativity right off.
I'll trust Zacks, and ignore the short morons grasping at straws.
...pathetic, really, the only way shorts have gotten any relief is to ride a global market meltdown - which has impacted Crox all of 5 or 6 days in the past 18 months.