Posted on January 30, 2023
Some ten months ago, we cashed in on a CROX trade to the tune of 5080%.
And say what?
The time is once again ripe to try on Crocs Inc. for size (NASDAQ:CROX).
A number of reasons, but most formidably because an upcoming expiry offers a price opportunity we haven’t seen in a long time.
Specifically: a boutique, speculative gearing that gives us a chance to pocket 4900% on a rather modest move, and with a known downside.
Crocs makes foam shoes for inactive people that feel weird. And that’s apparently an idea whose time has come.
Because sales are booming.
Unfortunately for shareholders, the stock is about to behave in an unexpected fashion—according to our read of the leaves.
After DOUBLING in price in just ten weeks, CROX is now sucking wind and searching for the smelling salts.
CROX’s numbers make for something of a dilemma.
On February 15th management will announce earnings, and it’s for that reason we’re now revealing the best way to position yourself.
With kind regards,
Hugh L. O’Haynew