Wednesday, April 15, 2009

Reunited

I wear them every day, but it's been years since I dipped into CROX.

Bought a few shares at 1.91 today. The stock is up 12% already today, finally breaking out. I used to own shares back in the 60ish range. Saw it run up 25% or so, but never hit the sell button and finally got out at break-even.

CROX proved to be a small-time stock, but it is certainly worth more than 2 bucks a share. Staying power of the product tells me that. Back when it was at its highs, I did some research and found that the CEO and some of the board came from another company that had a similar pattern, jumping from 11 to 44 in a two-year span.

CROX duplicated that run-up ... and collapse. If I can get 50 cents on this trade, I'm good.

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