Karen Finerman, Fast Money Fame, Is Not Doing Too Well On Crocs (CROX) and More
More News related to CROX
- Independent Research Firm Murphy Analytics Announces Initiation of Coverage on Crocs, Inc.
- Standpoint Research Downgraded Deckers Outdoor (DECK) to Hold
- Standpoint Research Initiates Coverage on Crocs (CROX) with a Buy
- Unusual 11 Mid-Day Movers 11/06: CBBO, OPTT, GROW, MGA Higher; GOK, OSTE, NHWK, OCLS Lower
- Morning Movers 11/06: ACLS, CVM, ZIOP, LPSN, CABL, ZGEN Higher; NHWK, GOK, CROX, CVI, RAIL, CSTR Lower
More News related to ODP
- Give More and Spend Less with Incredible Black Friday Deals at Office Depot
- Office Depot Expands Assortment of Digital Cameras Just in Time for the Holidays
- A Photo of the Ribbon-Cutting Ceremony for the Sixth Puerto Rico Office Depot Store, Located in Ponce, is Available on Business Wire's Web Site and AP PhotoExpress
- Office Depot Shows Holiday Shoppers How to Gift Smarter This Holiday Season
- Office Depot Renews Agreement With DemandTec
Earlier this week, Karen Finerman, said she bought Crocs (Nasdaq: CROX). Finerman said she thinks it is oversold and should be bought. She bought Crocs in the $48 price range; today it CROX is trading at $35. That is over a 27% loss for Karen Finerman\'s hedge fund.
Furthermore, a few months back, Karen Finerman said she owns Office Depot (NYSE: ODP) and it is a screaming buy when it was trading just above $30. Just days later, the stock was down over 30% and Office Depot is now trading at $16.78 today.
Lesson Learned: Be very careful at acting upon what you hear on tv. Previously, you would think that a hedge fund manager, who appears on tv, would have great contacts, and have more color on a specific trade, but I guess that is not the case.
J
Related Categories
Insiders' BlogStocks Mentioned
-0.07Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
