Thursday, November 1, 2007

Welcome to the PAIN CAVE :-(

WE SUCK!

CROCS INC COM JAN 19, 2008 $ 85.000 CALL (CQJAB : OPRA)

0.80
-4.70 (-85.45%)
.....many lessons learned in this trade to be discussed later, for now we cry alone in our pretty pain cave.

19 comments:

tony said...

i lost five thousand today, find few good stock for me so i and make back

Anonymous said...

my lone(1 contract) Crox nov 70 put hedge saved my butt today.

Anonymous said...

With the big dip now, is it the buying point? Anyone increasing their position or selling it all off?

Anonymous said...

i lost 9k overnight - made 1.5k back this morning on the nov 50 put... still got my nov 60 & 80 calls out there - let's hope the next 2 weeks shed some better news...

Neil said...

re: buying point?

The RSI is teetering on the edge of oversold, but I wouldn't touch this fad/stock with a ten foot pole. (Hindsight is always 20/20)

Anonymous said...

BUYING AGRICULTURE STOCKS.

people need food.

Neil said...

ps - a good blogger article about CROX here: http://www.chrisperruna.com/2007/11/01/crox-getting-swallowed/

Anonymous said...

losing loads of money on TGT and CROX :(

:( :(

BOTD you are not alone in your pain cave

Anonymous said...

It seems like lots of us were on CROX like myself.
As we all know, none of us are perfect.
Market sucks lately! Expected a big turn around after uncle Ben's Chopper.
Do you think CROX will recover (atleast 4-5%) pretty soon?
Also, find us some good stocks to recover the loss from CROX please!

Anonymous said...

This is STUPID!

How the hell can it be down 34%. Makes no sense.

They raised guidance, and beat estimate of 63 cents EPS by delivering 66 cents EPS. Guidance was raised according to analyst expectations but nothing more than that.

This is oversold. I dont have the guts to buy more but I am not going to sell when its down 34% for something this silly. I will hold on to it for a long time. I dont care.

Anonymous said...

suck it up, anonymous.

They beat analyst expectations and raised guidance, but not to the level that the stock price justified.

Question: Let's pretend today I say anonicorp has a target price of $30/share with expectations of 10c / share earnings.

Then AnoniCorp runs up to $50/share stock price. A week later earnings come in at 12c / share, beating expectations.

Except here's the kicker: it beat earnings expectations for the $30 / share. It did *not* come anywhere close to justifying a $50/share price point.

Just because the last given expectations were low doesn't mean that beating them makes it worth whatever price it happens to be at today. That's just insane.

Anonymous said...

Agreed. But P/E for CROX is now below DECK.

Thats why I think its oversold.

Anonymous said...

I think they are underplaying the estimates...the apple way...As the market conditions becomes better I see a slight improvement and then a jump on next earnings

William G. Cash said...

Ouch. That hurts. Sorry to hear about those loses.

Anonymous said...

NEW YORK, Nov 1 (Reuters) - Crocs, Inc (CROX.O: Quote, Profile, Research), the maker of a popular series of colorful plastic footwear, said on Thursday its board approved an authorization to repurchase up to 1 million shares of its common stock, effective immediately.

Anonymous said...

Got some Posco PKX today, and of course UBB.

I pulled out to 75+% cash before rate cut... missed gains yesterday, but got some cheap buys today. I am not so sure what to expect tomorrow and Monday. Something was telling me to get back in...

Maybe church on Sunday? get some help from above?

Anonymous said...

The stock was way oversold today, I say for those of you who did not get screwed on this stock, it is a perfect time to buy and score at least a 5 to 10 percent bounce within the next 2 weeks, pending the market does not go further to shit

Unknown said...

Pain Cave is painfully a funny post. Honesty is good. I like Cramer but he would never do an honest "we got screwed" post.

Anonymous said...

Pain cave was honest and funny, for being in the pain cave and all.....