Crocs (CROX)…Cheap in the $30's and Expensive at $4…I Love The Stock Market!

Posted by Howard
on May 5th, 2009

In the good old days of 2006 and 2007, Crocs (CROX) was one of my big holdings. Life was easy.

You bought stocks at all-time highs and they doubled and tripled. Seriously…check my archives. Screw that… watch old Wallstrips !

Other than Apple, Baidu and Garmin, Lindzon loved his Crocs.

Waaaaaaay back in our first month of Wallstrip’s, the team put together a wicked show:

I was long baby.

In May, 2007, I wrote a post entitled ‘What CROX Should do and What LIKELY Will Happen ‘ (I was just out of the stock and missed the last 20 or so points). It is a boilerplate for every growth stock and you should toss your goddman stock textbooks and new Kindle’s full of financial textbooks.

In January, 2008, I blogged “CROCS – Case Study…Supply Trumps Demand “. I ended with a warning that the thrill was gone.

In August, 2008 I blogged “There are NO ‘Happy Endings’ In the Stock Market “. Nothing changes. Buy and Hold is a myth. Money Management is all that matters.

Today…The Thrill is back! The stock only closed at $3.75, but it’s up from $1 dinero.

In November 2006, the stock was at $33, breaking to all-time highs and ‘cheap’ on it’s way to $90. Today, it has almost quadrupled in a few weeks to $4 and is expensive.

Fuck Macau!

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