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only swing trade... I would not recommend for a "motherlode" experience... CROX could fall flat on its face very quickly. The problem might be the timing of your swing trade... volume might help to indicate that the trade is "on"
playing the charts peanuts, more likely see 12 near term then fall on face, looks like confirmation with todays green close candle.
playing the charts peanuts, more likely see 12 near term then fall on face, looks like confirmation with todays green close candle.
thanks for your input
CROX has been quite a ride: first up to $75, and now down to $10. PnF likes it to $0.00 . . .
you've got to be a very good trader to swing this baby for the lode. How does your system indicate that this is a good long here? Please teach me something.
CROX has been quite a ride: first up to $75, and now down to $10. PnF likes it to $0.00 . . .
you've got to be a very good trader to swing this baby for the lode. How does your system indicate that this is a good long here? Please teach me something.
For you oldtimers...remember LA GEAR...A GREAT co...For a while...Greenberg's son was in charge of Sketchers...Another GREAT one for a while...Personally, and I posted this long ago...CROX is a Crock
"Trade What Is Happening...Not What You Think Is Gonna Happen"
CROX has been quite a ride: first up to $75, and now down to $10. PnF likes it to $0.00 . . .
you've got to be a very good trader to swing this baby for the lode. How does your system indicate that this is a good long here? Please teach me something.
Not rocket science, simple trend reversal indicators suggesting oversold and candle formation and technical indicators suggesting trend reversal. If the current trend is down then next is up!
All the bad news is out, and summer is coming. I will go against the crowd people lie but charts dont.... Up Up up im allready green, bash more so i can load !!!!!!!! lol
Not rocket science, simple trend reversal indicators suggesting oversold and candle formation and technical indicators suggesting trend reversal. If the current trend is down then next is up!
All the bad news is out, and summer is coming. I will go against the crowd people lie but charts dont.... Up Up up im allready green, bash more so i can load !!!!!!!! lol
LoL . . . I'm not bashing, but I do appreciate going against the crowd as a winning formula in stock trading. lol
Not rocket science, simple trend reversal indicators suggesting oversold and candle formation and technical indicators suggesting trend reversal. If the current trend is down then next is up!
All the bad news is out, and summer is coming. I will go against the crowd people lie but charts dont.... Up Up up im allready green, bash more so i can load !!!!!!!! lol
What technical indicators do you use? The RSI is saying oversold, but MACD and DMI are both showing strong bearish signals.
And I'm not sure what you're seeing in the candles. CROX just looks like such a gross chart to me. Is there a certain candlestick pattern that you're seeing, or do you just get the feeling that the bulls are now starting to take control from the bears? Judging by the past few trading days, it still appears to me that the bears are in control, as the down days are marubozu days and the one up day closed at about half of it's high.
Fundamentally, CROX actually looks like a good company. Compared with their industry, they have a really low PEG, a high EPS, and a low P/E. Their Profit and Operating margins are good, their ROA and ROE is good, and they have almost no debt. They seem like a solid company, but I'm just scared that their product was a trend that will never come back into style. But who knows, like you said, perhaps it will go off this summer
Spike,
If I read you right, you'd say the R/R is with longs here. The risk is down to $3.85, the possible retracement is to $52.46. Is this correct?
Spike, did you know that neophytes like me have trouble reading between the lines of those posts that do not have any comments explaining what the chart says? Please fill in the lines for me.
Mother,
I just looked at the weekly chart. CROX is sporting a double bottom here. It ought to have some decent support at this level. Good 'nuff for a decent bounce, anyway.
NB, as far the chart goes, it's very bearish. You really must read up on gapfibs. The pattern is well worth knowing. I'm surprised you haven't already.....but then again, you don't get out much do you?
As far as r/r goes, the next good setup for it is a gapfib pattern short at 11.00 from the recent gap down, stops 12.25, target 5.82 or target the big gapfib target from the Nov 1 '07 gap down....which is 0.56 stock price. Now that's great r/r.
There was a company making those sneekers with wheels .....the ones that all the street Urchins used at the malls ...irritating people......LOL. That stock was like a rocket, rising daily and .......Then dropped faster than Maria's drawers at the 'OLE" cantina.
Apparently CROX has its supporters..... Georges Yared at "Game Changers had said they have a good international presence ..but he does not recommend putting any NEW money into the stock.....their latest quarterly statement ...showed a decline in profits .....FOR NOW Why put money into a DEAD Horse?
There was a company making those sneekers with wheels .....the ones that all the street Urchins used at the malls ...irritating people......LOL. That stock was like a rocket, rising daily and .......Then dropped faster than Maria's drawers at the 'OLE" cantina.
Apparently CROX has its supporters..... Georges Yared at "Game Changers had said they have a good international presence ..but he does not recommend putting any NEW money into the stock.....their latest quarterly statement ...showed a decline in profits .....FOR NOW Why put money into a DEAD Horse?
Pete,
You're referring to Heelys HLYS which IPO'd Nov.06 went to 40 and has since settled in the 4.40 range. Prototypical for a fad stock.
NB, as far the chart goes, it's very bearish. You really must read up on gapfibs. The pattern is well worth knowing. I'm surprised you haven't already.....but then again, you don't get out much do you?
As far as r/r goes, the next good setup for it is a gapfib pattern short at 11.00 from the recent gap down, stops 12.25, target 5.82 or target the big gapfib target from the Nov 1 '07 gap down....which is 0.56 stock price. Now that's great r/r.
Thanks so much for the reply, Spike. No, I don't get out much.
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