GMCR opinions? cut losses or stay long?

H

honghong

Well I got into this stock when it was 34... it's currently @ 29.xx

Should I take the losses or do you think there'll be an upside to this? Please discuss, thanks
 
yea, i knew i'd get a response like this. This is one of my strange buys which i usually do a few every quarter. Long run it is, thanks
 
Nice positive divergence from 8/14 to 8/17 as price was descending, the MACD was increasing, culminating in a good buy signal. But it has been pretty much down trending since 8/20. May see support here around 27.5. Next support around 25. Strategy sell around 9/07/07 10:00 at 32.23. Profit factor is 3.34 on this strategy. Knows nothing about the fundamentals and you really don't need to know since price usually reflects the fundamentals (or the street's perception of it), but it is trading below the 8/16 lows, not a good sign. You should trade with a stop or a strategy; not every stock will pop back up right away like AAPL.
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What up Hong!

Normally i'd look at that chart and say $29-$30 was support and you should hold. But I'm thinking you cut and run. The 10 day and 21 day MA have turned down

Type Price % Slope
10 Day 33.70 91.7 DOWN
21 Day 34.05 90.7 DOWN
50 Day 31.73 97.4 UP
200 Day 23.13 133.5 UP

As you know the stk is down but on light volume

Ave Daily Volume(00) 4715
MO Chg.(%) -18.9

U/D Direction DOWN

MF Direction DOWN

MACD Bearish...

>> Why not trade in the coffee play for som JAMBA JUICE? Staying in the consumer liquid area but a stk that has already gotten it's clock cleaned & has just received a healthy round of INSIDER BUYING! I'm looking at JMBA today. ~ stoney
 
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