But the stock has been falling for 7 straight weeks for no reason. The short interest continues to drop dramatically during this time which means SOMEONE is scrambling to cover their shares. Coffee prices rebounded sharply last week and JVA usually follows sharp moves in coffee prices but lags by a couple of weeks to as much as a month before doing so.
My contention is that the stock specialist is responsible for dropping the price so that someone, perhaps the specialist himself, can cover their shorts for a profit. Once they are done, he will let the price of JVA go significantly higher. Right now, nothing is making much sense other than my theory as to why it's happening. A correction to the upside is long overdue.
Thanks, good to know. Because of the continuous drop in the stock I bought some back at a lower price, only a few cents lower. Unfortunately it seems if I just wait longer I can keep buying for lower and lower.
Updated short interest shows it continues to plummet. Shorts are fleeing yet stock price continues to drop. I maintain that the stock price is getting ready to shoot higher. What is currently happening makes absolutely no sense. Is the stock specialist purposely dropping the price and loading up on shares himself to profit when he allows the stock to shoot up?
The problem seems that nobody is buying anything. Has anyone recently posted that they bought some at these cheap levels. We used to get at least that. I don't know what is going on but at least with these low prices the dumping has somewhat stopped.
I agree there hasn't been any UPPP days for a while, I barely even look anymore underwater in mid $7 I have no doubt it will go above that ...all just wait it out & really see what NEXT earnings brings Quarter ends at end of week, so lets see in mid September what comes of it!!
Looks like stock market sell off right now? usually it trickles down into this stock. In the past it seems like companies sell complete portfolios of stock and JVA must be part of it. With the non-existent volume the stock just drops.
Daniel Dwyer has never bought more than 1,000 shares at a time. The last 2 times he bought "a used KIA", JVA went up 50% both times, once in only 2 weeks and once in 2 months. That is a fact and I will not ignore the fact that he bought this time because his history shows that the stock soars soon after he makes small insider buys.
It doesn't make any sense, and your thinking is along the same as mine. This stock is priced for absolute failure despite not having any all year. Short interest is the lowest it's been in well over a year which makes it even more of a mystery.
The bottom it made the other day when it tanked because of the downed Malaysian airplane triggered the exact bottom as predicted by Fibonacci followers. They are now projecting the stock to head back up around $10. The insider that bought the other day has always seemed to buy just before the stock catches fire. JVA also lags coffee price performance by a couple of weeks and it was a week ago that coffee has made a rather dramatic rebound from it's lows. Perhaps this is just the stock specialist playing games and accumulating for their own personal wealth before letting the stock run.
My expectations are that the stock will have a miraculous rebound to the upside in a short period of time. That would only bring it back to fair value, nothing has changed since the stock was $8.20 other than speculation about hedging losses that haven't even happened yet, if they even happen at all.
What I don't understand is this stock traded low 5's after a few very bad quarters of negative earnings. Didn't they take a huge loss as coffee fell from around $3.00 to $1.00?
Now the company "may" have a small hedging loss as coffee is only .20 cents lower than they had on their balance sheet on April 31st.
So coffee drops .20 cents and now the stock is priced in as it was last year when they had a huge losses as the price of coffee drops by the dollars.
This quarter will without doubt have sales also pick up, last quarter had the most volatile coffee prices and it's understandable people holding off. This quarter will without doubt see sales going back to normal. I am willing to gamble here that sales are going to pick up this quarter as the price of coffee was stable.
Am I right here with my thinking? Why is the stock selling so cheap?
I had noticed months ago that JVA's stock price lags whatever the price of coffee does. I think it was about 2 weeks. Coffee has rebounded off it's low the past 7 days and JVA has formed it's low. JVA should rebound this week, strongly in fact, if the lag factor I noticed in the past will continue this time.
How much does Daniel Dwyer probably know? Like, if this quarter was going to be terrible would he know at this point and wouldn't have bought?
Would he buy the stock for some reason if he knows next earnings were going to be bad?
you spare man. I don't think you paid more than you should have if you can scrounge up the resources somehow or another and buy some more shares to average down. It will recover sometime. And you'll make a nice gain. I don't get why anyone would even make a comment about a director buying $7,000 worth of a companies stock. That is not much of an endorsement. I used KIA would cost that much.
Agreed. Common sense says so! Chart looks to be in tact for a run to $9.60 in my opinion.
Sentiment: Strong Buy
I thought the same thing, jay, when I saw the buy volume. Poor man like me made of spare parts bought a bunch more than that and paid more than I should of. Sure want to see it go up from here.
I hope so, as long as coffee prices keep going up slowly & steadily. JVA should be ok. Also GMCR earnings in a few weeks. Has anyone seen the Keurings in the Subway shops??just curious.
Sentiment: Strong Buy