Profit Off Spongebob Crocs

Last week I wrote about the $65 water bottle craze I saw while in Switzerland.

This week there’s another retail stock I’m seeing everywhere.

Crocs (CROX).

Have you heard of these shoes?

They’re ugly.

In fact – they’re flat-out hideous.

However, they’re selling like crazy.

Someone in our slack chat even told me he owns a pair of “SpongeBob SquarePants” Crocs.

So despite the poor aesthetic, I believe CROX could make you money.

As you’ll see in its chart above, CROX recently gapped down in what looks like a classic overreaction from Wall Street.

Now it’s starting to fill the gap back up.

I love the possibility of a gap-fill up to $95. At the time of this writing, CROX is sitting around $83.

In addition to its potential gap fill, smart money is also paying attention.

Over the past 2 weeks, the CFO and Director of CROX bought a combined $400k worth of shares of CROX. And as my colleague Karim Rahmetulla says – insiders only buy for one reason – they think the price is going to go up.

Action Plan: CROX are hideous looking, but I can’t deny their popularity.

I recently entered a trade on CROX in The War Room, and I plan to carry this trade over into next week. So there’s still time to get in.

Click here to learn more about how our trading works in The War Room.