Just looking at the chart, there's no indication of a reversal to the upside at this point. If you're a big fan of the stock it could be a place to start averaging down, but there's still the chance the downtrend continues further and it's is certainly not in an uptrend at this point. As a general rule i don't average down on stocks unless they are simply pulling back in a bigger uptrend, which this stock is not.
I would wait a little bit for it to settle. I would not necessarily wait too long with this. I like the company and I enjoy the clothing/scents that they have. I have noticed that if you enjoy the product, you are more likely to invest. I would just be careful whenever you grab a company that is declining ever so slightly.
Crocs had no chance, though. That was obviously a fad that was not going to stay. The fact that people bought those atrocious monstrosities still blows my mind today.
Yeah I never got the point either. Started seeing these rubber shoes with holes in them pop up everywhere... WHAT IS THE POINT!? I do realise that they are good for some things, such as nurses. Actually talked about this with a few nurses and they loved them since they were comfy enough and super easy and fast to clean. But that is kind of a niche market, so yeah I'm surprised the crock stuff lasted as long as it did.
I feel like it'll go down any moment now, so no, I'm not too tempted by them. I don't even like their clothes lol
This is not a stock I have ever thought of investing in. I would maybe try a different stock if I thought about investing into fashion.
This isn't a business that interests me to be honest either. Fashion tends to come and go and so does the price of the stock. While Ralph Lauren is a worldwide brand that's been around for a number of years, the market is too volatile to be able to have any confidence in, so I'd stay well clear.
