Not that it makes any difference and I am not a Cramer fan in the least(actually really dislike and resent the guy and his approach to the markets) but just because he made a call and it went down is not a big deal. Nobody can call bottoms. In fact, it should be the least of an investors concerns as they dn't much matter in the long term. It would be nice if it could be achieved on a consistent basis but nobody has shown the ability to consistenty call the bottom every time from the day they picked a company(that the stock never went down after they said it was a buy).
Deckers could be worth well north of $150/share and the market can offer it for $10. There is nothing built in the rules that things MUST trade at their real values or remotely close. In fact, very mature companies like Caterillar which has been around for a long time and BOEING, etc have just only reached some all-time high's in the last decade or so. Despite being around for decades!. The only thing that matters is buying an undervalued asset and waiting for its real value to come to fruition, not the day to day swings of a stock.