2007-09-17 05:05:43 · 5 answers · asked by joao c 1 in Business & Finance ➔ Investing
At some point in time, Crox will be a dandy short. It is a fad stock. When the fad is overwith, it will be a has been. Unfortunately, the time is not yet. It would be too dangerous to short it currently. If the U S spirals into a recession, this would be a great short.
2007-09-17 07:21:42 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It's simply crazy to short a stock with so much upward momentum. There's a "rising wedge" in the 5 year chart that would also scare me from a short.
In addition, the 10, 21 & 50 day EMA are perfectly in line and are going up. There is already a large short position in this stock, which on an upward move would cause a "short squeeze".
I don't know if CROX is going up. But at this point "shorting" would be no different than gambling....... What we're doing is not gambling, or at least we shouldn't be!
BTW: The "smart" money is waiting till after the FOMC meeting Tuesday before placing trades. I've even cancelled my "buy" stops.
2007-09-17 05:28:36 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
Shorting stocks is very risky. Unless you are at a professional level in respect to trading, I would discourage it. Personally, I've lost a lot of money shorting stocks and would discourage others from doing so unless you can afford to lose the money. Instead, my recommendation is to focus on quality stocks, buy them when the market is low and sell when others are buying. Some ideas available at http://ibooyah.com
2007-09-17 07:16:35 · answer #3 · answered by mdonbules 1 · 0⤊ 0⤋
I think you'd be bucking a pretty strong trend, which is a recipe for disaster.
2007-09-17 06:19:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Sales:
2004 $006,358,000.00
2005 $060,808,000.00
2006 $200,570,000.00
Do you see a trend here?
This company will sell at least $1,000,000,000.00 in a few years.
2007-09-17 10:24:19 · answer #5 · answered by Anonymous · 0⤊ 1⤋