Monday, September 24, 2007

Crocs (CROX) Up 8% so far Today

Posted by TraderMark at 3:47 PM TweetThis
This just out - Crocs does not kill kids on escalators after all. Oh well, it let me load up on the name last week in the $54 to $55 range. Thank you sensational over the top media....

The Crocs (CROX) chart is exactly the kind I love to load up on, a strong stock that pulls back to a major support area (in this case the 50 day moving average, at roughly $54). Is it fool proof? No. Sometimes stocks go crashing through that support and you have to cut your losses because something is truly amiss in the name. But more times than not, with the right companies with strong fundamentals, they provide the best buying opportunities. Crocs is a 2.4% position within the fund.

Click on the Crocs label at the bottom of this entry for all earlier posts about Crocs along with charts.

Long Crocs in fund; no personal position

Posted by TraderMark at 3:47 PM

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