Crocs, Inc. (NASDAQ: CROX): 9:07 AM NYC time, August 2nd: Tomorrow CROX earnings report (its second ever as a public company) is expected to be a blowout. That’s good news / bad news. Why do I say that?
Because the stock has already rallied 26% in the past 16 trading days, in anticipation of a good earnings report. A similar “rally into the earnings report happened three months ago, as previewed and post-viewed on Cubetrader.com. You can see classic exhaustion gap and intraday reversal on the biggest volume day ever (not including the day of CROX IPO). Why did that happen? Because even though CROX beat the Wall Street estimates it missed whisper numbers, including those published by Cubetrader.com, and was a disappointment to be sold. That selling took the stock down almost 50% and cleared the decks for this current advance. So the questions are: Will CROX beat whisper numbers this time? I suspect so, especially since insiders have millions of shares coming off lockup this month and need strength to sell into. We’ll know in a day. Cheers! PS: Conference call is tomorrow at 4:30 PM.
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