I started today buying today, and will add more DNKN if the Shorts give it to me still cheaper.
shoaloutloo..., "Is anyone else watching the daily trading? Periods of very tight ( a few cents RANGE with LOW volume) and then a spurt up 10-20 cents an a jump in volume 25-50k with block crosses. "
Institutional large blocks. Front running the news. Short tag alongs. Driving/pushing through the 200 day moving aver stops -- forcing it down. Shorts were waiting for the break thru the aver to go short.
I just missed 29.85 (to slow in my old age), but caught 29.
Imagine that NJ based lawsuits.... I live in NJ and know the best busiest / profitable DD's are on the borders of not so nice areas. Biffy and Buffy are not going to frequent a DD if there is a SBUCKS next store anyhow. More money in DD in a working mans neighborhood. Why worry about where it goes really .. it sells itself. I could see reasons for not being open as a drive through late at some of these Jersey areas.
Do your DD. This is just a good buying opportunity. For god sakes just "google" the names of these people. Read the stories The information speaks for itself. If you are a poor franchise owner - I am glad the company is looking out for its concern. Open a drive through - if your contract dictates it.
Market maker took out a ton of stops there because a few people got scared. I saw the news story break earlier so I'm not sure what happened.
That was a pretty wild ride. I would like to see DNKN close above its 200 DMA. Regardless, I broke a couple of my key swing trading rules and feel very fortunate this has retraced all the way back to my 2% hard stop rule.
Thankfully this baby caught a bid. Good luck DNKN investors and traders.