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Crocs, Inc. Message Board

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  • wile_e99 wile_e99 Nov 7, 2007 12:13 PM Flag

    Wailing ang Gnashing of Teeth

    I am not watching one minute charts.

    I was short for over a month before the fall, convinced that CROX was an overvalued high flyer.

    A squeeze requires serious change in direction. That would mean a big up-day on heavy volume.

    My experience with MOMO stocks is that they tend to fall to a point below their intrinsic value, then recover slowly.

    The stock is currently the darling of the day traders. It is making nice "saw teeth" as it falls. Someone who is so inclined can ride it both ways and make money. That requires more concentration on the computer than I am willing to dedicate.

 
CROX
8.60-0.10(-1.15%)Aug 26 4:00 PMEDT