Just my opinion but I feel GMCR has moved on from momo to value play. Even with the new guided down earning estimates of 25% it's a steal with a pe of 11. Isn't CMG's growth rate 25%??
Then the huge short position...could make for a good squeeze. At some point the shorts have to lock in some of those huge gains.
And the technicals say it's over sold.
Not for a buy and hold but more of a play the bounce. - PJ
I will. Thanks! What do you think of gmcr long? been trading below lower band all week ( until today ) Got to be some short covering at some point!? 32-25 range as a target? Maybe into OE on a short squeeze? High Call volume too - PJ