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SodaStream International Ltd. (SODA) Message Board

  • newpikachu newpikachu Jul 29, 2013 12:21 AM Flag

    don't let shorts and bottom feeders fake you out

    Though I am not myself a technical trader, I do sometimes consult charts, and I encourage anybody here who is worried about recent price action to pull up a 1 year weekly chart and draw the lines. Beware of short propaganda; see the truth for yourself. Also keep in mind that shorts are stubborn and once they have gotten it into their heads a company is doomed, they will not cover unless forced to. There are many SODA shorts who are severely underwater right now. When you hear them saying things like "SODA is going back to 40!" or "SODA is going back to 30!" that is most likely an indication of the level at which they shorted and where they are looking for SODA to go just so that they can break even.

    The main problems shorts face is that SODA is too solid and looking to good. Because of this they need to MANUFACTURE negative catalysts. The recent buyout rumor was the most recent negative catalyst they manufactured. Yes, a buyout rumor seems on the surface to be a positive catalyst, but ultimately it depends on how sentiment is turned toward it. Shorts and bottom feeders found there negative catalyst in this buyout rumor and milked it for all it was worth, culminating in the Washington Post axe job in which the failure of the buyout to materialize was used to misrepresent SODA as an UNDESIRABLE company that nobody wanted!

    Notice, however, that since SODA announcement of earnings being moved forward put a lid on the share price assassination campaign. It really took the wind out of their sails.

    Now the fact of the matter is that to drive this stock down any further the shorts need another negative catalyst but they don't have one. They already did all they could with the negative slant they put on the buyout rumor. In fact you can't go much further than the Post axejob because after you say SODA is a worthless company nobody wants, what else can you say?

    to be continued...

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    • goldenseth@ymail.com goldenseth Jul 29, 2013 6:41 AM Flag

      Charting SODA may prove highly irresponsible given the key statistics of the float. Just a suggestion.

    • and what are the chances SODA is going to introduce another negative catalyst with their earnings report? Almost nil.

      Everything points to the earnings report being a positive catalyst for the stock.

      After all of the bashing, sentiment on the stock is extremely negative right now. But without another negative catalyst there is no way it will go below 55.

      Most likely post earnings scenarios
      SODA will either rebound sharply as buyers pour in and nervous shorts begin to cover their positions - or, we continue to trade in a fairly tight range until the last traces of skepticism are dispelled. One or two pieces of positive news would probably do the trick in that case.

      I would be buying with both hands any time SODA dips under 57 and toward 56 before earnings.

 
SODA
28.01-1.48(-5.02%)Oct 1 4:00 PMEDT

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