Friday, August 7, 2009

Premarket Price/Volume Surge in Crocs (CROX)

Crocs, Inc. (NASDAQ: CROX) soared after the close yesterday on better earnings and better guidance; but calling for a return to profits was thee winning lotto ticket.  Shares went out over 25% higher last period at $5.35 on over 2 meg after-hours shares.  The shares this morning are actually up about 29% every said at $5.53 and we have seen over 70,000 trade at 8:14 AM EST.  This will be one of today’s exponential volume stocks and that 2.8 meg share average day should be hit faster than traders can say GO.  As a reminder, $5.80 is the 52-week high after this traded substantially higher in 2007. -JON OGG


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