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Krispy Kreme Doughnuts, Inc. Message Board

  • josephstack666@att.net josephstack666 Sep 6, 2013 12:11 AM Flag

    Technical Breakdown Continues; Tomorrow May Be Worde Than Tuesday

    For the second day; KKD could not make any gains with a positive stock market. Tomorrow may turn very bad from the open; with the big jobs numbers report for August; being released at 08:30 am. est. A 100 or so drop in the DJIA would easily push KKD below its recent $ 18.25 intraday low. A test of the next resistance level of $ 16.65 would occur next week. Wells Fargo options advisors are monitoring the news at 08:30 tomorrow; for many major options decisions for many other stock option positions. KKD is in a very vulnerable position now. It is my firm belief as a Wells Fargo expert on put positions; that KKD can not reverse its new trend; until the next earnings announcement in late November. Until then; the erosion will continue with another significant drop this month. Congress returns next week to address the Syria issue. Wells Fargo believes a big sell-off event is in the cards; before stabilization can return to the markets. Interest rates are steadily rising and my prediction is a 3 to 5 percent sell_ off when the 10 year treasury tops 3 percent. We are at @2.98 percent today. Could happen tomorrow. My sincere question to the few remaining longs; if KKD CANT GAIN A PENNY WHEN THE OVERALL MARKET IS UP; THEN WHAT WILL HAPPEN WITH A 100 TO 300 POINT DROP OVER THE NEXT SIX TRADING DAYS? THERE IS NO CATALYST NOW. Please contact your local Wells Fargo options advisor tomorrow; and START MAKING SOME FAST CASH ON KKD PUTS. September $ 19 puts are still in play; but a lot more expensive now. October $ 16 puts are a good buy but we may revise lower tomorrow. As of todays close; all our clients are out of KKD stock; and into DKDN and Starbucks. Remember one fact: its never about the donuts; its all about the cash. We are looking forward to setting up your accounts tomorrow. Never go long into a weekend! WFA.

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20.980.00(0.00%)Jul 25 4:01 PMEDT