After hours it is below $5....
http://www.marketwatch.com/news/sto...C17-40BC-4842-8B16-2C7E20203C61}&siteid=yhoof
http://www.marketwatch.com/news/sto...C17-40BC-4842-8B16-2C7E20203C61}&siteid=yhoof
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
CROX: This could be huge and ignite the long awaited SQUEEZE !
- Thread starter bigpig41
- Start date
Quote from bigpig41:
OK everybody yak back and forth.......but someone explain the last week's action. It moved up 50% at one point from 6.98 to 10.55>>>>if 40% of the float is short...........why didn't that ignite a volatile squeeze...........trying to learn something here.
Were most of those traders short from way higher levels so that the move took away such a tiny portion of there profits???? Even if they were short from say $25.00............why wouldn't they have covered in the 6s or 7s.........do they believe eventually a new hear of shorts will drive the stock into the very low single digits and there is even more gravy in their trade???
Does some event have to make the stock jump several dollars one morning to trigger the squeeze??? and how many times normal volume should there be if a stock had a volatile squeeze????
A short squeeze is when the stock has an upward trending price pattern. Crox short squeeze has been over for a while. When there's a high short ratio and the stock is in a downward price patter, you can bet the shorts are right.
The only reason it bounced last week is because the whole market was moving higher in a bit of a short covering rally, profits were taken, now the downtrend is continuing.
They were pumping crox every day of the week early this year.
March 2008
Finerman noted the Board of CROX recently purchased 250,000 shares at $5 million. Soon other insiders, including the CEO, will be free to purchase more, and Adami likes the stockâs valuation. http://seekingalpha.com/article/68379-fast-money-recap-3-12-08-will-airlines-take-off
March 2008
Finerman noted the Board of CROX recently purchased 250,000 shares at $5 million. Soon other insiders, including the CEO, will be free to purchase more, and Adami likes the stockâs valuation. http://seekingalpha.com/article/68379-fast-money-recap-3-12-08-will-airlines-take-off
tried to short it, no shorts available at IB, now message:
____
You recently attempted to enter one or more short sale orders in securities which were not available for shorting at that time. We have located shares on your behalf so you may be able to enter short sale orders for these titles within the next minute(s).
Stock
Symbol
Exchange
CostToBorrow
CROCS INC
CROX
NASDAQ
32.06%
The rates shown are the indicative additional costs to borrow these securities above the normal borrow rates. The effective cost to borrow will be determined at the time the borrow is actually established.
Please note that the above stocks are generally deemed hard to borrow and may not be shortable again in the future. Additionally, certain borrowed positions have a higher likelihood of being recalled by the lender. In the event of a recall you may be required to repurchase positions on short notice or, if the lender initiates the repurchase, IB may pass on the transaction costs to you.
____
that's expensive...
based on the fact that there were no shorts available first i jumped up long above 5.01 and closed it for a nice profit...
____
You recently attempted to enter one or more short sale orders in securities which were not available for shorting at that time. We have located shares on your behalf so you may be able to enter short sale orders for these titles within the next minute(s).
Stock
Symbol
Exchange
CostToBorrow
CROCS INC
CROX
NASDAQ
32.06%
The rates shown are the indicative additional costs to borrow these securities above the normal borrow rates. The effective cost to borrow will be determined at the time the borrow is actually established.
Please note that the above stocks are generally deemed hard to borrow and may not be shortable again in the future. Additionally, certain borrowed positions have a higher likelihood of being recalled by the lender. In the event of a recall you may be required to repurchase positions on short notice or, if the lender initiates the repurchase, IB may pass on the transaction costs to you.
____
that's expensive...
based on the fact that there were no shorts available first i jumped up long above 5.01 and closed it for a nice profit...