GMCR giving me the jitters

[plan]

I'm not into shorting these type of stocks but i certainly wouldn't go long here either. Reminds me of TASR, CROX and other fad crap stocks.

 

[NoDoji]

Quote from darwin666:

this beast whipsaws.. lets see which way in the next 2 weeks.

Watching for short entry below 80.00; initial target 76.00.

 

[limitupmike2]

up it goes.....

 

[cybercash28]

Overbought stocks eventually will bull back even if they are on uptrend...

 

[NoDoji]

OK, I just noticed GMCR hitting the hi ticker above $98/share. WTF, mate? P/E of 75?? Does their coffee cure cancer?

 

[konviction]

My analysis show pice at resistance using some simple warning lines which are calculted from an equal distance from the median, and upper fork line of the black fork. I kept adding equal distance of 11.75pts till we got to resistance right on the warning line. GMCR's at an all time high, but I can still find its weak spot

#1 The markets are Geometric in nature which is why shapes like channels ( rectangles ), and wedges (Triangles) and other shapes can predict price.

#2 This is also why these lines I drew hold importance, which isn't just my opinion, look at the 60 level. Came down, hit the line, and bounced off the f---in wall, and ran 60% and climbing.

 

[Moderate]

been long since 85.50

lovin it

 

[NoDoji]

Quote from Moderate:

been long since 85.50

lovin it

Nice! Ivica nailed this breakout zone, too: http://www.elitetrader.com/vb/showthread.php?s=&threadid=156582&perpage=10&pagenumber=5

Hopefully still holding it

 

[mililani]

What did I tell you? Don't fight this tape. You should have went long when I said to.

 

[NoDoji]

Quote from mililani:

What did I tell you? Don't fight this tape. You should have went long when I said to.

I'm not fighting anything. I don't trade GMCR. All that caffeine gives me the jitters. I prefer the mellow feeling that comes from trading POT