I think the hammer after an uprun is called a hanging man, very bearish for this stock technically. Troops don't cover until a doji forms. We have some ground to make up.
Good luck to all. May Godzilla and the force be with us,it's going to be a rough battle.
General_Discipline, from the western front. Awaiting further orders.
If you took some time to read my original post, you'd see that I was arguing against somebody who was claiming that the technicals were good.
I think the technicals suck, and that's why I'm slowly building up my put position, waiting for the big puke.
Looks like she's tracing out a nice compact H&S top here.
In the overall context of a double top:
I mean that if it gets down to $12 or $15, then it's a screaming buy "if" earnings growth averages between 10 and 20% over the next decade.
Normal EPS growth for good companies over time should average 8-12%. The question is, 'Is KKD a "good company", or is it a Ponzi Scheme?', and if it isn't a Ponzi Scheme, explain this:
Again, you could be perfectly correct with a longer term view. It will be tough to keep current earnings growth going. I'm not sure I'd be hanging on to this longer than 3 months. Myself like I keep saying I'm riding it until $45.00 or (big or) the technicals brak down but for now this stock looks good.