You Have to Question the Timing of the downgrade by Piper Jaffray
as well as the pending class action class action lawsuite, which most share holders found out about on this weekend, just three days before crox is to report earnings. Talk about MANIPULATION by shorts to move the pps lower.
The timing of this report REEKS of manipulation!
"Crocs (NASDAQ:CROX) was downgraded by equities researchers at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a research report issued on Monday"
A downgrade 2 days before earnings release? That is fishy. Pooper-Jigglies still puts a price target of $15 which is $2 more than current price. But why announce price target 2 days before earnings? Why not wait until after earnings to get a clearer direction?
Either someone wants to get CROX shares on the cheap or someone isn't watching the new intern at PJ.
Well, we will know soon after earnings what is going on. If CROX misses big, PJ will look like it has some credibility. If CROX has good surprise earnings PJ will look like a bunch of scroungy, manipulative buttsniffers.