Under Armour is down 7% after analyst downgrade. My original call was either wrong or very early. Does this break below the recent range begin a new trend?
Wedbush Morgan initiated coverage on Bare Escentuals today and has the stock up 11%. The chart looks like it could have put in a double bottom above the $22 IPO price.
Acorn International continues to rocket off its low as China remains a strong force. While China continues to drive forward, stock prices may be inflated and could set up some great short opportunities when the time is right.
After nearly filling the gap yesterday, Valueclick may be giving up the fight. Tradingmarkets.com had the stock listed as a bearish setup due to consecutive up days while trading overall below the 200 day average.
Brokers such as Bear Stearns and Lehman are finding a bid today. The move seems to be fueled by a rumor that Bear Stearns may be selling a minority stake to a Chinese Bank
update 9/26
September 26th, 2007 at 4:36 pm
under armour comment… doubt its going to fall apart cause the group…. ua, crox, nke, dks, and lulu are collectively upticking with investor interest. but i am afraid valuation is stretched. of the 5 i prefer lowest PE/PEG crocs.
September 26th, 2007 at 4:41 pm
I took a closer look at CROX today and realized how much the consensus numbers have risen. While its trading at 45 times current earnings, it looks very reasonable if the consensus for 2008 of $2.52 is correct. Amazing for a stock that as trippled since the beginning of the year.
September 27th, 2007 at 9:13 am
in 2007 CROCS is estimated to sell 47 million pairs, while next is round about 69 million pairs. how many cellphones annually? 1 billion? for CROCS the sky is the limit.
September 27th, 2007 at 9:29 am
caution. i sold crox for average of 63.80+ for tuesday, hopeing to buy my block back on some type of pullback. the stoxx had 2 big up days and with that 3 unique 900 basis point swings up. i hope for 62 to cobble together a $2 dividend.
September 28th, 2007 at 9:25 am
zach, cmg “a” reached my meditional objective of 120-ish and today is a downgrade by super bull Citigroup. i suggest trim at prices near 120 even with new downslope chart factor.
September 28th, 2007 at 11:24 am
8pm CNBC Fast Money summaries are posted at the street.com, article search key word fast money. this week they were talking about crox, ua, nke, financials, ice, and more.