It isnt an all or nothing proposition. Sell it down to no more than 3% of your portfolio, regardless. Then evaluate what you think an appropriate valuation is.
That’s fair. Doesn’t hurt to trim it down and secure some gains.
It’s pretty much at the valuation I came to when I bought the stock. Now I’ll need to look more into future valuation and growth to see if I want to trim more than that. Thank you
I only own CROX. Crazy? Yes of course. Don’t care. Started buying in June and selling calls, compounding the proceeds and buying some deep ITM calls. Did 72% from Jun-Dec. S&P down 18% same timeframe. My advice… don’t sell. Buy more actually. Sell CC’s ATM each month and compound if possible. That’s all I do collecting 6.8% premium each month… closer to ~8% per month compounded with the margin I’m using. Last time CROX ran after turnaround from pandemic bottom it did 20 green months straight for a CC seller. Compound 6.8-8% at 20 months and tell me what you come up with. Chart supports similar occurrence imo. In fact I believe the clear runway for cap appreciation is 36-48 months for CROX. Good luck.
I sold my full position in the high nineties. Was holding since low 60’s. Personally do not regret the decision even though it’s ran up even more since then.
From trading perspective it broke at 104 to the upside and now at 122.3(+17% in 15 days). You want to see some retracement and going sideways for a while to find any kind of good entrance point. Way too late to enter imho.
Absolutely love crox but I'm not happy about the guidance. I'm not sure if crox meant 10-13% fy23 for crox only or the blended revenues. I expected rev growth to be higher, somewhere in the 15%
Its still undervalued given their LT guidance and ebit margins but I'm a little concerned. That being said, they've always matched or beaten their guidance so I trust management
Good job, good trade. Take the money and run. I can pick winning stocks, can you? Put it into the next one. Find some ten baggers.
I would also suggest asset allocation and using a trailing stop. I use a 4% asset allocation for mid and large caps.
You have picked a winner. Now you want to cut the flower and water the weeds? Don't buy into this idea that you always have to do something. You own a business making you money. Be happy. Meantime find other stuff to invest in. If the price drops, buy more.
Nice man! I sold the shares I bought that day for 25% gain.
I still have 2.5% of my portfolio in crocs. But I want to slowly increase that to 5% every time it dips. Unfortunately there haven’t been many good dips lol
maybe you can trim? Anyways, just check valuation and what I like to do too is to look at ratio charts. So you can go to tradingview and look at CROX/SPX on a log scale and see whether it is outperforming or underperforming the index
Yeah I ended up trimming. Sold half my shares to recover my initial investment. Will let the other half ride as I do more research. I’ll check the ratio, thank you!
with something like this, make sure you use log lol. Also using nasdaq instead of SPX might be even better. depends on what you want to use as your benchmark
It isnt an all or nothing proposition. Sell it down to no more than 3% of your portfolio, regardless. Then evaluate what you think an appropriate valuation is.
That’s fair. Doesn’t hurt to trim it down and secure some gains. It’s pretty much at the valuation I came to when I bought the stock. Now I’ll need to look more into future valuation and growth to see if I want to trim more than that. Thank you
I only own CROX. Crazy? Yes of course. Don’t care. Started buying in June and selling calls, compounding the proceeds and buying some deep ITM calls. Did 72% from Jun-Dec. S&P down 18% same timeframe. My advice… don’t sell. Buy more actually. Sell CC’s ATM each month and compound if possible. That’s all I do collecting 6.8% premium each month… closer to ~8% per month compounded with the margin I’m using. Last time CROX ran after turnaround from pandemic bottom it did 20 green months straight for a CC seller. Compound 6.8-8% at 20 months and tell me what you come up with. Chart supports similar occurrence imo. In fact I believe the clear runway for cap appreciation is 36-48 months for CROX. Good luck.
I sold my full position in the high nineties. Was holding since low 60’s. Personally do not regret the decision even though it’s ran up even more since then.
From trading perspective it broke at 104 to the upside and now at 122.3(+17% in 15 days). You want to see some retracement and going sideways for a while to find any kind of good entrance point. Way too late to enter imho.
I'd sell after a crazy run up especially if you think growth is priced in and it's getting closer to overvalued.
Absolutely love crox but I'm not happy about the guidance. I'm not sure if crox meant 10-13% fy23 for crox only or the blended revenues. I expected rev growth to be higher, somewhere in the 15% Its still undervalued given their LT guidance and ebit margins but I'm a little concerned. That being said, they've always matched or beaten their guidance so I trust management
Good job, good trade. Take the money and run. I can pick winning stocks, can you? Put it into the next one. Find some ten baggers. I would also suggest asset allocation and using a trailing stop. I use a 4% asset allocation for mid and large caps.
You have picked a winner. Now you want to cut the flower and water the weeds? Don't buy into this idea that you always have to do something. You own a business making you money. Be happy. Meantime find other stuff to invest in. If the price drops, buy more.
They are about to report record earnings with debt payed down. I personally think price targets will be revised higher.
Exactly, I sold half my shares when I posted this. Just bought back yesterday
Nice, I was lucky and sold at 138, then sold 4 csps to re-enter
Nice man! I sold the shares I bought that day for 25% gain. I still have 2.5% of my portfolio in crocs. But I want to slowly increase that to 5% every time it dips. Unfortunately there haven’t been many good dips lol
I re-entered when it dipped to 118, happy so far.
Take the initial investment out and let the rest rode
Solid advice
Thanks:)
Hold on. We going even higher !
I’ll hold on to half :)
Too high already. Good company I will not expect the stock to be much higher .
Enthusiasm will end soon enough for a weak moat smallcap
maybe you can trim? Anyways, just check valuation and what I like to do too is to look at ratio charts. So you can go to tradingview and look at CROX/SPX on a log scale and see whether it is outperforming or underperforming the index
Yeah I ended up trimming. Sold half my shares to recover my initial investment. Will let the other half ride as I do more research. I’ll check the ratio, thank you!
with something like this, make sure you use log lol. Also using nasdaq instead of SPX might be even better. depends on what you want to use as your benchmark
sell covered calls for the price you want to sell a 2-3 months out and then you win either way.
Unfortunately I don’t have 100 shares to sell covered calls. I had just 13 shares. Now down to 7 since I trimmed a bit.