CROX revisited

I wrote awhile back about the background of Crocs' board, how several of them were at Flextronics when the stock (FLEX) went from 11 to 40 in just three years. Then, after they left, the stock plummeted back down to 11.


When CROX ran from 40 (where I got my first shares) to 75, I thought the run wasn't over. Even as insiders were selling shares left and right, I was blinded by optimism. I was wrong. The stock has cratered. A nightmare for longs who have held their shares all the way to the top and all the way to the bottom. What a nightmare. I had a big profit, lost it (bought at the top, even) and finished with a loss when I got out just under 40. At this point, I'm just glad I got out when I did.