Its been one heck of a Ride, iam Out. Good Luck to all the Longs
Cramer pumping only invites shorts to the stock, and he bought in before the pump. He'll sell before calling the dump. I'm with this guy above I bought in just under 3 bucks and got out as well. They aren't curing cancer here it's fried dough. I like the growth story but a pull back is imminent. It's has almost formed a blowout top like JSDA did years ago. Blow out tops crash.
I take a bit of a different look at the charts here.
You take a look at the last 9 years you can see a clear long term REVERSE head and shoulders with a head of $1 and a neckline around $10 to $11.
Measured move from the low of roughly $1 to $11 is a $10 move. Bring that together with the recent $10 breakout and you get a $20 to $21 area as a target. (One more reason upper teens looks like a minimum acquisition level)
If anything...this move up by KKD looks NEW. Combine that with a new P&F Target of $27.50 and the fundamentals just screaming....things look very interesting.