6.20 is the support / floor. But there is no way this thing should trade anywhere close to that level any time soon. If for some chance it does breakthrough 6.20, then there really is no telling how far this thing could go.
That said, I think it bounces up from here. No way this stock should be punished to the tune of $1.50 (roughly) after a great quarter... and a great year.
SEEMS to be following a similar pattern from last year... announcement, plummets, then surges, etc.
I bought more today. I'll keep buying on these drops since I see them as over-reaction and shorts going crazy. They'll start covering soon to grab the dough (pun!) and run.
i agree if 6.2 is broken the long term trend will be very bearish.and chances of that happening in my opinion is bleak as most of articles recently are predicting that kkd has changed for better tomorrow.can this be last time shake out?can it go back t its highs in 50ssssss.if yes then we do not need weak hands.did stephens gave the justification of a downgrade?
as posted, I just don't understand how a stock gets "downgraded'., but yet the price target is raised. Can you explain that to me?
How does a stock get "downgraded", but the price target raised? 22-Mar-12 07:02 am I just don't understand the logic behind it?
<07:58 EDT KKD theflyonthewall.com: Krispy Kreme downgraded to Equal Weight from Overweight at Stephens Stephens downgraded Krispy Kreme citing valuation following the company's Q4 results *** but raised its price target for shares to $9.00 from $8.50. :theflyonthewall>