Rare Bob Rowshan stock pick--short CROX

Is CROX a good short @ $67.25 ?

  • Yes, it's going lower, will see 60 before 75

    Votes: 21 42.0%
  • No, it's going higher, will see 75 before 60

    Votes: 29 58.0%

  • Total voters
    50
just wondering - other than the fundamentals / super duper long run of the stock, why did you pick this time to go short?

i'm just asking (and have watched it) because, *even now*, if i weren't a daytrader, i'd only be looking to go long the stock since i haven't seen exhaustion selling (which i'd like at the end of a 'fad' stock), or a spike up / spike down / half spike up, or anything like that which would show the run was coming to an end.
 
Quote from gaj:

just wondering - other than the fundamentals / super duper long run of the stock, why did you pick this time to go short?

I think I already mentioned my reasons in this thread. There are a few reasons, short interest has plummeted to a fresh low as the stock surged to new highs. And and a triangle formation that has bearish implications as it fails to break $70. And a hunch.
 
Quote from stock_trad3r:

this will either drop 8% or more on earning or surge to new highs

Great insight stock turder! So CROX will either go up or down. Are you sure?:p
 
Quote from gaj:

thanks bob...good luck with it. i have no dog in the CROX race, but i like finding others' reasoning...
And thank you. Your good luck today helped push CROX -$1 to $66.
A real technical breakdown is now at hand!!
Quote from Bob Rowshan:

Doubling up on CROX short. Twice failed to break $70, looking for lower prices starting today.
And yes I did double up and with real money too
 
CROX increasing volume, now twice failed at $70, short interest has plummeted,
all adds up to acceleration to the downside.

Nasdaq @ 2701.5 when thread started
closed today @ 2772.2

Nasdaq +2.6% during period 9/30-10/11
CROX -1.9% during period 9/30-10/11

That's profitable short selling !
 
Quote from Bob Rowshan:

And thank you. Your good luck today helped push CROX -$1 to $66.
A real technical breakdown is now at hand!!

well, i hope you don't blame me for the runup on friday...though i'll take full credit for the good luck before! just kidding.

would your stop on this be based on time, price, volume, or feel? it just feels to me that it wants to do one more breakout on volume, to sucker 'em in...but what do i know? i'm not a swing trader...
 
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