Not at all, Getty. But he knows what is happening in the company, I assume and he is SMART enough to take some profits at this level. Many seem not to understand that.
Buffett, think about the title of your thread and the history of this stock and see how foolish your thread title looks!
If you look at a chart, Buffett, the time of action for this stock is only around earnings. With weather, it is possible next earnings will also be good but 2 in a row from this company is not a given.
Madame Leg, are you also doing victory laps over the recent increase or are you being a bit more cautious as the family chooses to cash in some chips?
Yep, family taking some of their free stock and cashing it in. They are smarter than those who don't realize at least a portion of their long awaited profits.
Yep...little details like that don't add up...unless an acquisition is in the works. Or it is being run up and shorted back down by smart investors.
Poor Hopeful, actually I did have a 'sell signal" and it was just shy of $20 when it got there last, and I did sell. I just did not have a "buy signal" at a level the stock reached since on RCKY, but did have on others, which, fortunately, far outpaced it. I wish your investments well and maybe you can turn down the hate.
Poor huddle,,,,I applaud your investing prowess. You, barnyard, and mays may be the next crop of Oracles. But why bash me. If you look at what I have said on this company, point out what is wrong. Yep, stock went up after a CC in a very unnatural manner. Think it is just an undiscovered gem? I don't believe that a minute. Draw a chart over 10 years and you se it took off in 2004 also and has not recovered those highs. Maybe you ready to run victory laps but I believe I would compare it to other investments before I did that.
I actually agree with both on this and don't know much about Creative except what was on the Conference Call. Seems like fashion athletic which is contrary to Rocky business channels and will require a huge amount of $$$ promotion. Acquisitions are usually a Kiss of Death for a company such as Rocky. 4EurSole was the medical shoes that were touted so much but then suddenly went silent. A foolish name it seems to me. But all the hype is out again we shall see what happens.
Not knowing when to take some profits is what separates amateurs from professionals. Some people took profits when Rocky was at this level previously and bought Apple. Some hung on and watched it collapse.
If the family is stepping back and trying to sell out to another o=company or more likely a P/E firm you might see this type of action. Otherwise hard to believe based on one earnings report.
With this run up and all the volume I am wondering if someone is trying to acquire this company. Nothing the current management has said or done justifies such a quick price increase otherwise. That would be the best thing that could happen to shareholders.