Happy to pick off a few more shares down here... ready to flip on the buy programs. Is anyone long afraid? LOL
European markets doing well, U.S. futures doing well, China economy ripping higher (did you see the export and import numbers last week?) oil coming in a little from last week's froth.. our kind of market to add quality stocks. Looks like we are not the only ones willing to buy GMCR down here this morning.
LOL The buried unhedged shorts are trying their best to craft a little shakeout in here. GFL as the pro longs are willing to scoop up all they will gift down here.
As for the chart and "oversold", now that we have the fundamental progress to see clearly, know there is no accounting fraud, understand SBUX is still happy to have the GMCR relationship on both old and new brewers, and had an intro to Kelly's presence and plan as well as the "comfortable guidance" comments, einhorn's play toy days are over.
Prepare for the reversal coming right up on spike volume... the goofball first half hour is over momentarily.