Re: My friends analysis of why he bought CROX and why it went up 20%...
everything until the trip to the carribean seems to be public information. i.e. your friend read it someplace.
if he gained insight in the carribean that others would ahve to work hard to get, then he has an advantage and that edge should be enough. just listing public reasons why crox are good isn't sufficient. if your friend (or you) believes in all of that info, and that it is not fully discounted in the price, then that too is reason enough to buy.
everything else is info that all participants have access to.
also, if you're friend (or you) were as sure about the temporary high as everything else, why not go short now?
Barron
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