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Groundhog Day for Crocs

Submitted by Stockmaster3 on Thu, 01/17/2013 - 04:44

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Groundhog Driving the Car - Movie - Big Pic

Crocs had a day just like today last year then rallied. Could we see a lather, rinse, repeat job?

Crocs Inc (CROX) got kicked in the groundhog today, falling 10% and ending at $14.19 a share. That's just 15% away from its 12 month low. However this soccer mom shoe play did the same thing last year as Jim Duffy of Stifel Nicolaus noted. If correct history could repeat itself on the stock and take it right back to $20 (a 40% ROI) before the year is over.

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