When HAIN dipped below $50 last week it returned to a level that marked the start of the megaphone formation. I dipped my toe in the water at $49.80 on Thursday and then bought more on Friday just above $50 as the market began what turned out to be a really nice reversal after the #$%$ emplyment data. HAIN traded higher on larger than normal volume and I'm betting that HAIN will continue to trend higher next week. If HAIN makes it back to $59 and pushes through on strong volume it would have no upward resistance until it gets to the $68 level.
I elected for a different position. I sold my WWAV and HAIN back in July. I put that money back to work in KR during the August correction. Cheaper valuation, small dividend and good stock buyback.
RUN!!! SELL SELL SELL. The bottom will fallout soon. Management is messing it up! Internally they are a freaking mess and about to implode. Products Dying, marketing budgets cut, slashed, Zero for all but about 6, and personnel cuts slow and steedy and another round of cuts imminent. A President who fire based on just not liking someone, She would rather fire an exceptional over performing worker over a personal issue and keep a slacker who will drag them down because they KA. She cant even tell a product from another just references the color label, no knowledge but a friend of an insider, LMAO. People are revving up their resumes and putting on parachutes as management has been cashing out for 24 months. Sold my 500 shares and said good bye!
Sentiment: Strong Sell
And to answer your question, "Ever go to a bar and an employee spills the beans on his company after a few drinks.", from your recently dusted off yahoo name, no, I haven't.
Now I'm confused.
First you responded to the OP with a question and now your most recent post infers that you were present.
As far as insider selling, this is nothing new. Rarely are there outright insider buys given the plethora of annual option grants.
Well it wasnt one guy, there were 4 of them, from different parts of the company. They are all looking for new jobs! Watching them closely, might be a great short. I did look at insiders trading and WOW, the Chairman and CEO are selling off.
I think that it is even more interesting that there are quite a few "Open U.S. Positions at The Hain Celestial Group" that can be found on HAIN's website.
What is your definition of "hiring freeze"? Does it incorporate no net increase in employees (hiring employees while firing a like amount?)
I think that it is even more interesting that there is a hiring freeze, are laying people off, but at the same time they are hiring washed up people from other companies.
Greetings immaturely named poster; nothing like dusting off an old yahoo name to post such a silly post!
Let's see...you last used your childish name via post on 2/23/14.
(Yes, I know; I just gave you the attention you are so desperately seeking. Well done.)
Well, there is no megaphone pattern, except the one that describes your big mouth making stuff up that is beyond the learning capacity. So where exactly are the higher highs and higher lows that create a megaphone pattern chart? You can read a chart, right? And, if you want to seek dividends, you probably want to avoid growth companies like HAIN, and buy a stock that actually pays a dividend. BTW, your deceptiveness is a dead giveaway when you make up a stock phrase you know nothing about, suggest a potential downside that makes no sense, and then state that you've always like the stock. Give us a break. And go get an education.