Andrew Horowitz

Don't Get Caught With Your Crocs Down

WH!!!!

Are you telling me that as of the date you wrote this that you were up $112,500? The price on that day was about $58.50 and now $6 lower. So does that since then you lost $45,000? That is awful. Seriously, please tell me you had some sell stops and I will be at least a bit relieved. As I thold you sevral times, i am not looking for you to get hurt, just trying to tell it as I saw it.

If you did not, the $48 price low would mean that at one point today you were down $75,000 from your high. This is the whole point to risk management.

Maybe this is a good lesson for all of us (me included) that falling in love can lead to heartache. Hope it comes back for you. We covered all positions nicely this week.

Don't Get Caught With Your Crocs Down

Not sure what this means. Did you make this?? Who are you referring to??

Don't Get Caught With Your Crocs Down

KNock Knock... How are you today? WH. Let us be clear. This is not a contest, nor a personal vendetta. It is a long term plan with the desire for all of us to make money. I am not happy when you lose, though I see it is your pleasure to assume I have. Impish, that was just a sample of one trade my friend. I hope you are smart and not clouded by your past winnings and do not get cocky. Cycles are bound to occur in markets, I am sure you agree with that.

There is something brewing, as the stock hit $52.50 today and when it plummeted it did it with large volume and with a vengeance. Ended down $3.38 on a 280 point day for the DOW. ODD...

Maybe it will be short lived, but if so, I will cover as of now, we are once again up on the shorts because we did it at a higher price than it is here. Crox is a great stock to TRADE as there is severe emotion in the air as can be seen from these posts.

I do hope you continue to make money. Really.

Don't Get Caught With Your Crocs Down

Ping:

One thing:

I just pasted the recent trades. look at all of the trades over 6 months. I believe it adds up to over $250 million

Don't Get Caught With Your Crocs Down

Jof:

Just tell me one thing. Seriously, just one thing: Why have the insiders sold
7/02/07 MARGOLIS MICHAEL C Sold 11,669 $43.22 504,392.53
06/15/07 CASE PETER S Sold 4,999 $45.62 228,054.38
06/12/07 CROGHAN RAYMOND D Sold 5,000 $90.83 454,150.00
06/12/07 SNYDER RONALD R Sold 150,000 $91.68 13.75 Mil
06/12/07 SNYDER RONALD R* Sold 150,000 $45.59 6.84 Mil
06/08/07 SHARP RICHARD L Sold 16,752 $85.13 1.43 Mil
06/08/07 SHARP RICHARD L Sold 52,184 $85.75 4.47 Mil
06/08/07 SHARP RICHARD L Sold 21,853 $84.20 1.84 Mil
06/06/07 MCCARVEL JOHN P Sold 25,000 $42.60 1.07 Mil
06/05/07 CROGHAN RAYMOND D Sold 5,000 $82.35 411,750.00
06/01/07 MARGOLIS MICHAEL C Sold 5,833 $82.10 478,889.31
05/31/07 MARKS MICHAEL E Sold 23,330 $81.52 1.90 Mil
05/30/07 CASE PETER S Sold 37,501 $78.67 2.95 Mil
05/22/07 CROGHAN RAYMON D D Sold 5,000 $77.48 387,400.00
05/22/07 SNYDER RONALD R Sold 125,000 $77.79 9.72 Mil
05/18/07 MARKS MICHAEL E Sold 100,000 $76.18 7.62 Mil
05/17/07 SNYDER RONALD R Sold 133,334 $76.48 10.20 Mil
05/15/07 CROGHAN RAYMOND D Sold 9,000 $72.30 650,700.00
05/15/07 SMACH THOMAS J Sold 14,202 $73.10 1.04 Mil

Don't Get Caught With Your Crocs Down

Above comment is meant to be below the Boris B 7/22 comment. Hard to concentrate with these tight leather loafers, my feet are killing me. Sorry

Don't Get Caught With Your Crocs Down

Ping:

I was asking you about the WORST in this regard: It seems that when writing about CROX, many people get rather hysterical. I was not actually talking about you, I was asking you your opinion. You seemed to have a level and logical approach and that is not what one usually sees in the comment section with a stock like CROX. (I see that sentences were crunched together so understand your comment - hope this clarifies)

So, to further clarify - I think that there is an opportunity short term, though I am seeing way too much enthusiasm and too many copies of late. Both which show a near term top. I like growth stories like this, I am simply looking at the history and fundamentals of these to extrapolate. Insiders taking way too much off the table for my taste. Growth long term is questionable.

As for "This time is different" - been there done that....Hope the company does well for investors, really. Just want to have a reality check every so often

Don't Get Caught With Your Crocs Down

Severa;l per year. I thought these were durable and long lasting. Why would anyone need SEVERAL per year?

Don't Get Caught With Your Crocs Down

Pigish:

Why is it that fads bring out the worst in people? Non the less, $40 gets you nothing? Consider the $45 put and the $40 put we recommended when Crox was at $47.50. Ummmm, up $6,000 on that trade already, not to mention the last one that netted $18,500 when it came crashing down to $41 last month. (Those were actual trades for accounts)

Now, I agree that they are hot and they are comfortable, but there is too much enthusiasm it would appear. While in the short run, I am sure there is some nice upsides and pops that will occur. I am more concerned about the longer term down. There is usually a capitulation in all growth stories and fads (especially retail) don't you think?

Cabbage Patch, Beany Babys, Tulips just to name a few. Ride it high, but be prepared to get out if things go against you. What I am saying is: don't go down with the ship, (short or long)

Why I'm Not Buying Crocs or Heelys: A Fast Eddie Story

Poor Eddy!

Very well done. I believe that the amazing amount of support on this stock has me realizing that one mis-step (PUN INTENDED!) is going to be a bad bad lesson for investors. I have been saying for a whole now, take the profits out. Look at the amount of $ the directors have taken from RECENT sales...

www.thedisciplinedinve.../

Andrew

Who is Crocs Trying to Fool?

Zach:

There are two comments related to your question. The first is that I am truly concerned about the cheer-leading that is going on with this stock. You should take a look at the message boards on this. People are buying because they like the commercials. That is outrageous! They are using past evidence of stocks that have moved up to support their twisted idea that that contains any evidence about this stock.

The second point is this: Fundamental trading is used for an overall decision on the stock and the general direction once confirmed with the technicals. Short term trading is primarily a function of the technicals. CROX is running high due to investors desire to move it higher with a penguin type of mentality. (HERD?). I think there are both opportunities to play this as a long term short and pick up some points on the volatility that is created by the <b>"CROX ROX TEAM" </b>of investors...

One more thing, it is amazing the amount of excitement that I seemed to have caused when I initially wrote this article on Seeking Alpha and The Disciplined Investor site (my site) www.thedisciplinedinve... , that in of itself tells me that there is a great deal of emotion driving this stock. What does that tell you?

Who is Crocs Trying to Fool?

Jerry - Oh, one thing... you are quite unprofessional, but that is clear from not only your opening comment, but it is apparent from the rest of your writing as well. Nice to give a few winners with that. Do you even know how to read a financial statement or is price the only important item

I would really like to know your ideas, but leave the emotions at the door for your myspace chat. If you do have some info and an really good insight, can you share.. I am interested and it seems that are clearly LONG (sorry to see the stock moving down so much today... now down $1.90 on...scratch that down $2.20 when the market is really down too, wait, the market is actually up...Hmmmmm) Must be other idiots trying to take some profits after such a huge run up.

That July 80 PUT I bought this AM is now up 12% since I bought it... I should have listened to you... Next time.

Comment all you like, just keep it professional please. Or at least adult-like

Who is Crocs Trying to Fool?

Kris:

The bias is why I am looking to short. Not the other way around. But I understand the comment. The play may be a Put, out of money that will not be too expensive. I was short yesterday, closed position fr a nice profit (day trade) and look to do more of the same as the volatility could be very nice on either side, but I am always leary about a stock that has fanatics using their product. This same fanatics will find something better and leave their loyal ugly pedal extremidy covering in the dust.

I am going to buy a pair of the ugliest color today to wear for the weekend.

Will look at Selling a Call for June.... The 85 or the 80, nice premium.. Or the July 85 Put...