The demand for this stock is as artificial as the ingredients in a Twinkie. The buyers are either covering their shorts (i.e. they are buying because they HAVE to buy - not because they like the stock) or they are short swing day traders who are buying for a small bump up. Both will go away with a downswing in the price. When short sellers stop covering, and the day traders see a down trend, the stock will land much lower.
The shorts are too dumb to realize that there are so few shares that actually trade hands. LT holders just keep buying and holding, knowing the stock is so limited and the ATM forces the stock to be up a year out. Lots of wealth is being created here. Think what would happen if Jimbo ever did decide to sell.
Also, sure good to have CBOU today. Good time for LT cap gains before taxes go up next year.
I would ignore Goldman Sachs' Judy Hong's Sell on SAM -- On 12/13/12, Citing increased competition, Goldman Sachs issued a Sell rating on Boston Beer Company (NYSE: SAM) with a modified price target of $123.00 (from $104.00). I disagree. Competition heating up in the Craft Brewing market benefits SAM, the leading craft brewer in the United States.
Sounds like a great idea guitar dude. It looks like today the shorts still have their balls in a vice, so go ahead and join their party. I'll stay long (as I have been for about 10 years, since low 20s), and enjoy watching you shorts vomitting blood while you get squeezed.
Sorry guys - this baby is way over bought and I guarantee it will drop back to planet Earth - every analyst says its a sell. Wait until January - selling will be huge after the Tax man deadline. Talk to you next year - sleep well : )
Sentiment: Strong Sell
You hit the nail on the head. Many LT holders have no interest in selling. Just keep adding on dips and the "real float" just keeps getting smaller. LT this could be like investing in BUD when it first traded. Potential for real wealth creation, and not just management.
Wow ! Sonny Bono ! You're really knowledgeable about history, and stuff ! 115 ? Like, I'm going to take your advice ! That's really cool. You must be, like, a hot market maker, and stuff. And guitars, too ! ? ! Wow ! Can you, like, give me any other hot stock tips ?
It's hard to believe over 25 percent of 12.8 million shares outstanding are short. Why would anyone short a winning company with earnings growth of 27 percent annually? This company holds only 1 percent of the beer market and could easily double or triple over the next five to seven years. Best way to make money is buy on dips and hold on.