According to the Laws of Mathematics…
…Green Mountain Coffee Roasters Inc. (GMCR: 97.61 +3.92%) is deeply oversold.
One of the little tricks of The PPT is knowing how to determine Oversold/Overbought ranges, using historical records, made readily available to all subscribers.
At the risk of putting a foot in my mouth, I will tell you, with a great deal of confidence, GMCR is nearing the bottom of its trading range. Historically, the stock HAS NEVER registered a technical reading below 1 (strong sell), until today of course. At the close of trading today, the stock closed down $1.48, with a technical score of just 0.94 aka NEW ALL TIME LOW. What does this mean?
Well, for one, it means the stock has been very weak. However, historically, the stock bounces rather quickly whenever The PPT grades it below 1.15, on a technical basis. For the most part, the fundamental score has been flat to up, at around 4.20 (strong buy).
The last time the score was in this ballpark was on 11/6, registering a score of 1.10, when the stock was trading at $67.61. Three days later, the stock hit a high of $75.91. Prior to that, on 10/30, the score hit 1.12, when the share price was at $66.55. However, after three days, the stock only gained .30. Lastly, on 8/19, the score hit 1.15, when the share price was at $55.61. Fast forward three days, the stock was above $58.86.
Life is all about putting your balls on the line, gentleman. Today, I stepped in and bought more Green Mountain Coffee Roasters Inc. (GMCR: 97.61 +3.92%) . Let’s see what the stock Gods have in store for me.
EXCLUSIVE: Pics of “The Fly’s” Keurig in action, a must have for all of you “coffee players” out there.
NOTE: Go check out iBCNEWSBOT3000 on front page. We will provide up to the second news flow, from a variety of reliable sources.
Thats right bitch. I sold a bunch of December 65 puts so the mothafucka better start moving north again god damnit. I think this buyout battle they are in is hurting the stock to.
They are offering ALL CASH. It should not effect share price.
I thought it was half cash half stock?
Fly, you do know the stock is moving based on the day to day developments of its bidding war for DDRX against PEET right? There’s like 2-3 press releases every day on it.
Today it sold off because GMCR upped their cash bid from $30 to $32.
GMCR prob doesn’t move up until the market believes the DDRX battle is over. Right now the market is worried GMCR has to pay more for DDRX than $30-32.
Under the title of this entry it says: “Tuesday, November 24, 2009 at at 8:55 pm.”
You have two “at” there, FYI. Get that gravy-man on that.
I’m in for more in the am.
Title makes no sense.
Lots of things in life make no sense. You should make it your business to point such things out.
stock Gods, what happened to the turkey Gods?
Soon Santa Fly is coming to town
this blog is certified bush league
leave
i’m just kidding.
you were too
…right?
of course (i think)
Is this turning into ftk. Are you short this stocks?
Maybe you should pretend to be short in your blog.
maybe you should shut your face?
Just a suggestion.
Hat tip for the newsbot.
thanks so much for the newsbot Fly
Fly,
Hey bro, I seen you zipping down 1st street today in your silver PT Cruiser, the one with the flames on it.
I honked but you was appeared to be fervently labouring over Chinese take out; chop sticks, blue tooth connected and all.
Maybe next time.
Nice, newsbot.
If you want to impress me ,show me a pic of your time machine…..
On your guidance, Fly, I shall take this one plunge into GMCR. This may or may not be the first and only time i follow your guidance — that is what we’re dealing with here.
Neighbor Fly. Can I borrow your coffee thingy for tomorrow? Mother-In-Law Steve and Aunt and Uncle Steve will be here for Thanksgiving. I promise not to break it like I did with your eight track player (I did return the disco ball).
Thanks for posting those pictures. Now I know I will not get one, as the coffee looks like pisswater and you can see right through it. Coffee should be dark and strong…. just the way you like your men Fly….hehe
No doubt. Coffee should be strong enough to eat with a fork. Think I’ll be sticking with my tried and true Community Coffee.
Happy Swear Day everyone!
I miss the large blue oatmeal bowl pix. Not to mention the old radio.
The coffee is great. My favorite old school coffee is illy and it’s always light.
What kind of damage are you expecting to do with such a tiny coffee cup?
They have dark roast too.
Dr. , I concur
For someone who hates techincal analysis, you sure seem to rely on it alot.
americas standard of living will decline in the next decade. we are moving back to instant coffee.
lol, alesandro, my mother still drinks her instant Maxwell House
and I am talking more than 50 years.
Future generations will not drink the instant stuff
as their parents have already instilled the routine of coffee grinders
and beans into their progenies’ morning routine.
Colleges have already caught on to the trendiness
of lattes and students walking around with
Starbucks’ cups is all the rage.
One must have a coffee in his/her hand at all times.
GMCR will run to its 50-day and then take a breather.