GMCR
Moderator: Global Moderator
Re: GMCR
Do you have a stop loss number in mind?BugMan wrote: Just went long GMCR at 26.95.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: GMCR
MT - Yes, I never do a trade without a stop loss in place (shortly after the trade is done) so I don't get creamed (limit my losses, learned my lesson watching a huge profit evaporate from CMGI). Normally it is in the 10-12% range on the downside. This trade however is a little higher because I didn't take a very big position and I am buying with severe down pressure and a huge short interest (bottom fishing...catch a falling knife). Stop loss set at $21.50 (about 20% lower than buy price). Always looking for buys...
Re: GMCR
That trade is shaping up nicely.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: GMCR
When will you take profits?BugMan wrote: Just went long GMCR at 26.95.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: GMCR
Not sure when. This is a company I have been looking to get into for awhile now. BTW, that for me is one of the hardest things to do...decide you like a company and want to invest in it but have to wait for "your price" . It takes a lot of patience. I will just keep an eye on it and see how the company reacts to the news they released yesterday in the coming weeks/months. The stop will stay in though at $21.50.
AdamA wrote:When will you take profits?BugMan wrote: Just went long GMCR at 26.95.
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MachineGhost
- Executive Member
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- Joined: Sat Nov 12, 2011 9:31 am
Re: GMCR
Why is this company worth getting into now that its lost it patent protection, it revenues will decline precipitously, and has lots of accounting fraud on the books? Am I missing something?BugMan wrote: Not sure when. This is a company I have been looking to get into for awhile now. BTW, that for me is one of the hardest things to do...decide you like a company and want to invest in it but have to wait for "your price" . It takes a lot of patience. I will just keep an eye on it and see how the company reacts to the news they released yesterday in the coming weeks/months. The stop will stay in though at $21.50.
MG
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!