Monday, November 5, 2007

CROX Sees More Downside, CELG too


CROX, as I said a few days ago, saw plenty of more downside. The stock is currently trading at 44.20 down about 11 bucks from where I recommended shorting it. I would now recommend covering this trade right now and booking gains. 20% in a few days is no joke!

CELG as I have pointed out many times has a date with its 200 sma. It continues to come down after disappointing the street when it reported earnings. The 200 sma has served as support many times before and will probably do so once again. I would cover once it reaches that level.

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