Fidelity Loses $50 Million In Seconds On Its Brand Spanking New Investment, As Crocs Plunges On Guidance Cut: 2007 Redux?

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Mon, 10/17/2011 - 16:49 | 1782841 Ahmeexnal
Ahmeexnal's picture

BTFD!!

Mon, 10/17/2011 - 17:03 | 1782918 Ruffcut
Ruffcut's picture

Anyone that buys such a stock and crox of shit,deserves a rubber shoe up the ass. 

regardless of fuckuations of the price and profit potential, any normal human should just say NO. make it a circuit city or something as useful.

Mon, 10/17/2011 - 17:06 | 1782928 ghostfaceinvestah
ghostfaceinvestah's picture

your 401k money at work.

Mon, 10/17/2011 - 17:55 | 1783011 Pladizow
Pladizow's picture

Company to shortly be renamed - Watacroc!

Mon, 10/17/2011 - 17:33 | 1783059 SilverRhino
SilverRhino's picture

Not mine ...

Mon, 10/17/2011 - 20:12 | 1783205 Don Birnam
Don Birnam's picture

The days of Peter Lynch are long since passed. Lately, always the bridesmaid, but never the bride...Sure, Fido has some of the lowest-cost index funds now -- about 20 years late, as indexing went out with Larry Summers in '01.

This isn't your father's FMR.

Mon, 10/17/2011 - 17:05 | 1782925 NewThor
NewThor's picture

What "YOU PEOPLE" don't understand is the brilliant visionaries of retail...

Laugh now, but using Rupert Murdoch's 'hack everyone' app, I've seen the plans and

blueprints for the new 2012 Hummer666 Obama Crocs that are sure to be the rage

amongst people with lots of dry powder.

They're made of diamonds, gold and unicorn dust and can call market tops.

Suck on that, haters!

love, 

NewThor

PS. did you know that by hacking every phone on the planet, you can get five kardashian butt loads of insider information? And it's not illegal, because hacking is illegal. Ah, the sweet irony!

Mon, 10/17/2011 - 17:09 | 1782944 Gubbmint Cheese
Gubbmint Cheese's picture

What do you mean, "You people"....

Alpha Chino (Tropic Thunder)

Mon, 10/17/2011 - 17:18 | 1782990 Mike2756
Mon, 10/17/2011 - 18:48 | 1783339 Jay Gould Esq.
Jay Gould Esq.'s picture

Tyler,

Fido is also a top-twenty [ bag holder ] in Green Mountain Coffee Roasters. -- Whoops, I'm terribly sorry. That one was down 11% this session.

The Big Green Pyramid is built on a foundation of nothing more than shifting mo-mo sands.

Mon, 10/17/2011 - 20:23 | 1783275 Use of Weapons
Use of Weapons's picture

Oh, the irony.

Odin -> Loki -> ?

It isn't Thor. It is Baldur, you fucking idiot. Way to miss the plays there boys.

And yes, that's a cosmic joke about to be played: when he rises, the earth will be green again. Not your phallic-centric-wet-dream-of-fighting I'm afraid.

Thanks for playing, Good luck, and Good night.

 

Oh, and the real version is: "Laugh now, but one day we'll be in charge".

http://www.resourcesforlife.com/wp/wp-content/uploads/2008/08/20091118we...

 

 

#OccupySeasemeStreet, /muppet

Mon, 10/17/2011 - 18:51 | 1783311 Gyro Gearloose
Gyro Gearloose's picture

Time travel has been proven!

Ahmeexnal comments two minutes before Tyler posts.

AMAZING.

 

 

Mon, 10/17/2011 - 20:57 | 1783711 covert
covert's picture

fantastic! lol

http://expose2.wordpress.com

 

Mon, 10/17/2011 - 21:24 | 1783764 Xrated
Xrated's picture

My Fidelity 401k is in treasuries. F the stock market right now. Guns and ammo, and silver and gold is my way of survival.

Mon, 10/17/2011 - 16:50 | 1782847 CClarity
CClarity's picture

Ugly shoes, ugly stock, ugly market. And down even further.

Mon, 10/17/2011 - 16:52 | 1782852 ss123
ss123's picture

People still wear these "shoes?"

Mon, 10/17/2011 - 17:23 | 1783020 Pladizow
Pladizow's picture

Stock price says ...No!

Mon, 10/17/2011 - 18:34 | 1783297 Bicycle Repairman
Bicycle Repairman's picture

Amazingly, yes.

Mon, 10/17/2011 - 16:53 | 1782856 LawsofPhysics
LawsofPhysics's picture

Hhmm, lots of institutional investors at fidelity.  could get interesting.

Tue, 10/18/2011 - 02:37 | 1784276 Tacos Rule
Tacos Rule's picture

From personal experience... no... it won't... those people are fucking idiots who don't budge until the prez is on TV saying we maxed out the fucking credit card AGAIN while never realizing we maxed it out 70 times in the last 40 years and it was just some sick political game that ended up backfiring on their precious markets.

So in summation I take back words four through six in this post, ignorance is pretty interesting to watch.

Mon, 10/17/2011 - 16:54 | 1782859 Irish66
Irish66's picture

wash, rinse and repeat.  damn ugly thingies but nurses wear them.

Mon, 10/17/2011 - 16:55 | 1782867 ReallySparky
ReallySparky's picture

I can not believe people actually wear those shoes.  I understand that they are functional for the medical community, with all the bodily fluids flying around.  They have taken them out of the three upscale specialty garden centers/horticultural stores in my area.  They have also disappeared from airport kiosks.  Surely the analyst could have seen this coming.

Mon, 10/17/2011 - 18:24 | 1783252 ceilidh_trail
ceilidh_trail's picture

Actually, crocs are banned in my 2400+ bed institution. Too much risk of body fluid exposure to the wearer. The nurses that I know that wore them loved 'em, but tptb decided they are too risky (I 100% agree) as it is common for all kinds of nasty to spill, and gravity heads it all towards the feet...

Mon, 10/17/2011 - 16:55 | 1782868 Mike2756
Mike2756's picture

Naah, they got stopped out, no problem!

Mon, 10/17/2011 - 16:55 | 1782869 Big Corked Boots
Big Corked Boots's picture

How can these guys not make buckets of money? They take ten cents of polymer, run it thru a molding machine, and sell the stupid things for $30.

Momo trader, momo fashion.

Tue, 10/18/2011 - 03:51 | 1784333 BigInJapan
BigInJapan's picture

Because any fool in China can, and does, as well.

 

Mon, 10/17/2011 - 16:55 | 1782870 Thorny Xi
Thorny Xi's picture

The orange and pink ones were popular in county jails, before budget cuts

Mon, 10/17/2011 - 16:56 | 1782872 phraseshifter
phraseshifter's picture

infidel!

Mon, 10/17/2011 - 16:56 | 1782873 DutchR
DutchR's picture

Uggs are next....

Mon, 10/17/2011 - 17:00 | 1782900 RacerX
RacerX's picture

Let's hope. They are clearly overdue for a lashing.. "Fugly"

Mon, 10/17/2011 - 16:59 | 1782891 TooBearish
TooBearish's picture

I s the Fido redemption phone line still open?

Mon, 10/17/2011 - 17:01 | 1782907 RacerX
RacerX's picture

"Is it too late to pull out?" :-D

Mon, 10/17/2011 - 17:05 | 1782895 slewie the pi-rat
slewie the pi-rat's picture

h/t to RT?

those inexpensive puts are getting harder to find...


Mon, 10/17/2011 - 16:59 | 1782897 vegas
vegas's picture

I guess they didn't follow that green arrowed line they always hawk on TV for their investors.

Mon, 10/17/2011 - 17:00 | 1782902 Do You Speak Greek
Do You Speak Greek's picture

LNKD, LULU, AWAY, CRM are next. 

Next 6 months will be a good time to be a put-buyer/short-seller/call-seller in the high betas...

Mon, 10/17/2011 - 17:03 | 1782915 ghostfaceinvestah
ghostfaceinvestah's picture

Agreed, CROX is a small part of it, I expect we will see a lot more of this kind of drop in the months ahead (look at NFLX for example).

I would add to your list CMG, that is a name I am looking to get short soon.

Mon, 10/17/2011 - 18:35 | 1783303 Bicycle Repairman
Bicycle Repairman's picture

Where's Robo?

Mon, 10/17/2011 - 17:01 | 1782903 ouchtouch
ouchtouch's picture

I have three pairs that I bought at Costco for a very low price after the last CROX crash -- I've been waiting for another crash to stock up again.  I wear them everywhere.  Also have matching ones for my kid.   I love them but they are not worth the crazy retail price they are trying to charge.

Mon, 10/17/2011 - 17:03 | 1782919 Kreditanstalt
Kreditanstalt's picture

For those of us too old-fashioned, too lazy (and too disinterested in this consumer shit) would you please tell us the actual name of the company?  "CROX" means nothing...it's just another craps counter.  (And I full realize that that's what EVERY company now is).

Mon, 10/17/2011 - 17:19 | 1782992 Mr_Wonderful
Mr_Wonderful's picture
Crocs, Inc.
Mon, 10/17/2011 - 23:52 | 1784094 Bear
Bear's picture

It's all a CROX anyway.

Tue, 10/18/2011 - 00:34 | 1784153 Kreditanstalt
Kreditanstalt's picture

How many of you actually buy any of this stuff anyway?  I mean, @$50 plastic footwear made in China...

 

Mon, 10/17/2011 - 17:04 | 1782922 RacerX
RacerX's picture

btw UGG brand = DECK (Decker's Outdoors). On the Naz.. not the pinks.. at least not yet.

Mon, 10/17/2011 - 17:09 | 1782946 ghostfaceinvestah
ghostfaceinvestah's picture

DECK is another stock I expect to get cut in half before the year is out.

Mon, 10/17/2011 - 23:19 | 1784036 tekhneek
tekhneek's picture

Almost makes me think shorting BlackRock's top 20 is like a greatest hits list in some sick, twisted, contrarian way.

Mon, 10/17/2011 - 17:08 | 1782938 oogs66
oogs66's picture

the only ones beating earnings handily are the banks - on the back of DVA!

Mon, 10/17/2011 - 17:14 | 1782974 buzzsaw99
buzzsaw99's picture

Blackrock. heh heh

Mon, 10/17/2011 - 17:30 | 1783048 ZeroPower
ZeroPower's picture

I think the drop is overdone - 0.40 old guidance vs 0.31-0.33 warrants nowhere near as much of a drop as what a/h session is showing.

Dont get me wrong regarding chasing a momo POS, but assuming it was 'faily priced' at 27 with those earnings expectations, the $10 drop is quite steep.

Mon, 10/17/2011 - 17:31 | 1783055 gwar5
gwar5's picture

I got the last of my McFido (of the clan McFido) money out of there last month.... after nearly 20 years with them. So sorry McFido, but there can only be one.

Mon, 10/17/2011 - 17:34 | 1783066 spiral galaxy
spiral galaxy's picture

Tyler!  Many thanks for your website and salvaging my sanity.  A true breath of fresh air in the atmosphere of incessant media hype & bs.  This article being another case in point.......kicked off today with ZH's Citi's Bloodbath report......in stark contrast to the buffoons on CNBC trying to decipher CVA and all other acronyms to get to the 'actual' earnings.  Many thanks and keep up the good work! :-)

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