one gentleman's trash....
We always like to be the contrarians and find the positive (or the negative) in the common market beliefs. We continue to believe GMCR has a great future. It turns out, we are just giving a chance to participate at a super low and cheap entry point.
Take a look at the chart below. We wouldn't recommend touching this one with a 50 yard pole. But we wouldn't mind watching it like a hawk. Actually, we encourage it. The stock is literally at the edge of a cliff. It can either go down on you hard (gasp!) or call the life line to see if anybody is there to help.
Take a look at the chart below. We wouldn't recommend touching this one with a 50 yard pole. But we wouldn't mind watching it like a hawk. Actually, we encourage it. The stock is literally at the edge of a cliff. It can either go down on you hard (gasp!) or call the life line to see if anybody is there to help.
We won't even try to predict it. Let it resolve itself. If it falls below $90 great. If it rallies, great. But let;s figure out why. We know why it had gone down if it did. What we have to be cautious here is a fake rally. So the Why is very important.
In the meantime, we will grab a cup of our Favorite Starbucks Coffee made on our 2-year old Keurig machine which does not need replacing. The K-Cup boxes, however, they fly out.
Sitting on cash for now.
In the meantime, we will grab a cup of our Favorite Starbucks Coffee made on our 2-year old Keurig machine which does not need replacing. The K-Cup boxes, however, they fly out.
Sitting on cash for now.