It's setting up for a climb up. the only question is how high can it achieve before it post another exceeding growth qtr. The foundation should support 75-79 . Now the fun begins on how each of us will play the minor ups and downs as the slope moves upward. Good luck everyone.
Been trading between the 50 and 100 day for about a month. The one it breaks through with conviction will tell the short term tale. My bet is with yours, just a matter of time before it blows through the 50 day on it's way back up. Maybe this time the shorts will get religion and realize the gravity of their risk.
With the short position reduction of 7/31 they may have already started. If you look at the number of days to cover vs. GMCR Soda is very low compared to GMCR.. The price gap should be closing very soon between these two. Good luck..