CROX - A Crock of ?

Notable Calls reports on Piper Jaffray and the fact that they are impressed with CROX Japanese operations.

To be honest the first time I saw Crocs in a store I immediately thought of Asia because it looked like a shoe invented Japan. Back in the 60's when I spent some quality time running around Japan I saw that style of shoe everywhere - it was a simple sandal easy to get on and off. Turns out it wasn't and is only now entering that market. Anyway here's the chart and as much as I respect Piper Jaffray (not) I think this is a crock -



This stock, like so many others I've looked at in the past week or so was breaking down before the meltdown. I see a peak week of 02/05 followed by a rebound (which is generally what happens when the previous week doesn't break the EMA) followed by a crashing stock - you can't help but notice the volume pattern. And that was a week before the market melted down. Are we discerning a pattern here?

So saying I also see an opportunity to pick up a couple of quick bucks if you wait for the ATR to roll over and start declining. It is possible you might be able to game a couple of quid out of CROX without the old beast even knowing it happened but keep a tight and trailing stop. If it continues to rise you are all the better but if after a quick buck or two it resumes its falling then you preserve your profit.