Wondering the same myself. My theory is that someone is shorting it heavily. I've been watching the bid and ask for a couple of days. There have been a lot of 100 share bids and asks, looks like they are walking it down with one of their black boxes. That and the max pain for options ex on March 16, if you subscribe to that, is 19. Appears to be a lot of interest in holding it at the 19 level until after March 16. I wish the institutional owners would start buying more and crush these lousy shorts.
Please explain what you mean by "walking the shares down with a black box". Is this actually legal or ethical? Does the SEC have anything to say about this type of manipulation? Why do I feel the cards are stacked against the smaller daytraders by someone with a black box?
I hope everyone holds their shares, don't sell back to the shorts so they have to pay up. There are much better stocks to short out there. If you noticed Monday and Tuesday volumes were very low. Hold until at least $25.
i think people are just being stupid. i dont see anything wrong with the fundamentals. people say "well this is a fad stock", but the truth is that croc's has been around for years now. a fad doesn't last for a year and then suddenly sell way more shoes than they ever did.