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GMCR
Posted: Thu May 03, 2012 10:13 am
by BugMan
Just went long GMCR at 26.95.
Re: GMCR
Posted: Thu May 03, 2012 12:44 pm
by MediumTex
BugMan wrote:
Just went long GMCR at 26.95.
Do you have a stop loss number in mind?
Re: GMCR
Posted: Thu May 03, 2012 1:46 pm
by BugMan
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
Posted: Fri May 04, 2012 9:32 am
by MediumTex
That trade is shaping up nicely.
Re: GMCR
Posted: Fri May 04, 2012 10:07 am
by AdamA
BugMan wrote:
Just went long GMCR at 26.95.
When will you take profits?
Re: GMCR
Posted: Fri May 04, 2012 10:37 am
by BugMan
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:
BugMan wrote:
Just went long GMCR at 26.95.
When will you take profits?
Re: GMCR
Posted: Fri May 04, 2012 2:52 pm
by MachineGhost
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.
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?
MG
Re: GMCR
Posted: Tue May 08, 2012 1:49 pm
by Reub
$25.90, up 6.5% on a very bad day. This is starting to look interesting, sort of reminding me of the way that SHLD and NFLX had huge rebounds after drastic drops.
Bought some.