Just putting this one back on the radar - screen:
"
I liked GMCR when it was down ahead of the holidays. It was a nice rebound and now that it is back up against resistance levels, it looks like a short-sale.
There isn't much volume on this last push and makes me think that maybe their numbers weren't as great as expected or their margins might be less than expected as they sold their Keurig machines at low prices this holiday season. Investors are not buying aggressively up here and short sellers might be covering to manage their losses.
Given that post-holiday expectations are easily dashed, I would think that there is more downside risk here than upside potential.
Cheers.
Tim
Monday, January 13, 2014 2:10PM EST"
"
I liked GMCR when it was down ahead of the holidays. It was a nice rebound and now that it is back up against resistance levels, it looks like a short-sale.
There isn't much volume on this last push and makes me think that maybe their numbers weren't as great as expected or their margins might be less than expected as they sold their Keurig machines at low prices this holiday season. Investors are not buying aggressively up here and short sellers might be covering to manage their losses.
Given that post-holiday expectations are easily dashed, I would think that there is more downside risk here than upside potential.
Cheers.
Tim
Monday, January 13, 2014 2:10PM EST"
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
