in GMCR @ 91.07, stop below the ma
GMCR - Green Mountain Coffee Roasters Inc - Page 6
anyone know when earnings are to be released? I searched yahoo and they are saying next week the 26th, scottrade is est. the 25th, but I don't see any confirmation from the company.
I think they do very well, imo. I hope to get some Nov calls if they report next week. I don't think they will disappoint, everything is going K-cup style. Even Mr. Coffee has teamed up with them.
the min I post this, I see a new lod flash, lol
Link to David Einhorn's presentation:
It seems reasonably persuasive to me that this stock is overvalued. Short term it could go higher, but long term there looks to be trouble brewing with the expiry of their K-cup patents and also the fact that some may not be persuaded that it is worth spending 50 cents on a cup of coffee at home - is it that much better?
An hammer w/ strong volume once in while can signify a reversal signal.
In 2008, when I begun, it was my first tatic......
Looking for european stocks in a downtrend, looking for those ones forming an hammer w/ high volume, and buying near the close!
In half of the cases the stock the following day use to give a quick 5-10% profit, the rest I was stopped!
GMCR remembered me those days. Im short since 90 something so I will be watching closely tomorow not to go in long but to cover.