Thursday, November 1, 2007

Doomsday for CROX

The inevitable finally happened. Crox is down today $22 or 29% due to disappointing revenue and 2007 outlook. I think everyone knew this stock was greatly overvalued and that one day it would tank. Well today is that day. I don't like to see stocks turn this fast, knowing that a lot of investors lost big, but that is the risk we all take when investing in growth stocks. Here is a Wallstrip from the good old days when Crox was on fire...

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