Not much to tell about Mr. John Lansing and his trade with CROX.
Mr. Lansing bought CROX onFebruary 7th 2008, after it went from over $70 to $32. He actually bought it at $32.
But CROX, as you know and how Mr. Navellier and GameChangers should know, did not bounce back to $70. CROX continued to sink like a stone.
In February it went under $30 and a savvy investor would have tought "maybe I was wrong, the market is going in a different way, I should close my position and take my 10% loss".
Not John Lansing (your guide to sudden profits). He was so sure CROX had to rebound that he hold on his position with CROX at $25. And even with CROX at $20.
When CROX reached $10 in April that was still not enough for the guide to sudden profits.
He only decided to sell on June 26th 2008 at a price of $8.40.
Than makes a loss of -$23.60 per share, or -73.75%.
Those who followed John Lansing with CROX saw a $10.000 investment become $2.625 in just 4 months.
Tuesday, September 30, 2008
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