I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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Nothing but good news about this stock. Bot more yesterday, average with original @ 9.88. Sold original @ 10.44 (bot 8.91) today. Still holding the rest. Also sold some losers and bot PCX today. Beautiful CWH breakout beginning yesterday.
This is what I'm referring to with River. Hope you didn't sell.
This is what I'm referring to with River. Hope you didn't sell.
---------billy
Billy, got the news on my cell phone while driving back from Chicago yesterday. Couldn't wait to find out the price. (14.60) At 14.43 currently, am up 46%. Yippee! P.S., does your son have anything to do with ATS out of Minnesota by any chance? If so, I followed a (small) white truck with a yellow light bar for a lot of miles in Indiana/Ohio yesterday thinking of him, that he might be on his way home. http://www.atsinc.com/solutions/windenergy.jsp
These 4 uptrenders are one good up day with volume away from becoming 3X uptrenders: in order DIOD, JAZZ, VHC, OIS
----------billy
Wouldn't you just know it. DIOD,JAZZ,and VHC are down 4-5% today with OIS down .75%. This may be an excellent buying opportunity or beginning of a big decline. I'll stay optimistic and take it as a chance to get a real bargain, especially with DIOD.
GMCR is a buy at 75.98 or lower with a target of 88.14
This post disappeared from yesterday. Good thing if none of you bought GMCR
-----------billy
Hold the phone and stop the presses! We've got another one. GMCR hit the target today at 88.69, a 16.73% gain from buy point of 75.98 and a 23.49% gain from low of 71.82 on May 6th. It took 55 days. That gives the uptrenders a 52-16-1 record or 76.47% success rate.
Despite all the bullish hype, my sentiments are in line with this guy on Seeking Alpha. (he's caught in the short squeeze). I've been in and out of GMCR for a couple of years and following it regularly. (It's my template chart on Scottrade, so I see it everyday). When I saw the AH on TV last night, I thought maybe SBUX had bot them out. But no. Price of coffee increasing also. I think the short is valid, regardless of gap filling. http://seekingalpha.com/article/2577...t?source=yahoo
"Caffeine High. Since our publication last Thursday, the S&P 500 has fallen 3%, and unfortunately, our Investor’s (H)Edge Portfolio has taken a hit as well. But virtually all the decline was caused by just three stocks, the worst of which was one of our short positions, Green Mountain Coffee Roasters (GMCR).
GMCR shot up 41% today, increasing its market cap by more than $3 billion. The rise was triggered by an announcement that Starbucks (SBUX) will sell its coffee in K-cup pods for the GMCR single-serve brewers. Sounds great, right? Uh, maybe not.
I was flabbergasted at the market’s reaction to the news, as were a host of other analysts, since it appears that the main result of the SBUX-GMCR partnership will be a decrease in GMCR’s profit margins. Obviously, GMCR won’t make as much money on a cup of Starbucks’ coffee as they make on their own brand. Moreover, GMCR continues to be extremely cash-poor, with a cash-per-share of only $0.23. Plus, the company is under an informal investigation by the SEC and is involved in many class-action lawsuits that include questionable insider selling transactions.
One can only imagine that today’s announcement caused a terrific short squeeze since nearly 25% of the GMCR’s float is short. It would appear that the buying frenzy was further fueled by aggressive day traders and perhaps unsophisticated investors who look at GMCR’s partnership with Starbucks as exciting. It was exciting for Starbucks, as the company now has a new sales outlet for its coffee (SBUX gained only about 10% on the news), but I can’t see anything good about that for GMCR. Although it was dismaying to see the stock price skyrocket on one of our short positions, we remain extremely bearish on GMCR."
River,
You know I don't know anything about coffee except for what you learned me ie K-cups pods etc. This GMCR is going crazy and I'm getting interested. With their latest earnings report I think they've got more gas or should I say beans in the tank.
I bought puts and losing my a$$ off so far. I'm still holding some puts but ready to chalk it up as a loss. If you plan to go long, you should be careful because they just announced some 10M shares offering at $71 tonight so it'll tank tomorrow. On top of that, a few analyst were suspicious of GMCR cooking the book, hence the high percentage of shorts. Lastly their PE is 139 which is unheard of with company like this and with I think over $1B in debt.
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