Earnings aren't going to be for another 2 months. Chart patterns like this don't explode overnight. Just as an example, I saw this same pattern forming with GOOGL. It took weeks but then it exploded 30% in this past month. Do you realize how much it takes to move GOOGL 30% in 1 month? It may take weeks for JVA to pop if it happens at all, but the pattern is still forming. The spread between the two lines has narrowed to $0.12. The gap was $0.60 just 2 months ago so it's narrowed quickly.
We'll never know why Gordon sold. I'm pretty sure I'm right because I sold the same exact day he did as I was forced to liquidate to pay my capital gains taxes and I waited until the very last day to do it. That Gordon sold his shares the same day I did makes me believe he was forced to sell for the same reason as me. But we will never know so drop it.
As for "pumping", I could care less if anybody buys or sells the stock from my observations. The daily chart is showing a golden cross pattern forming which is one of the strongest bullish signals I know. JVA has golden crossed only 2 times since 2011 and I already told you what happened those 2 previous times. It may not happen at all or the pattern may fall apart. However, the pattern is getting stronger every day but the stock will have to go above $5.15 and stay there for it to complete. If it happens, then big things can happen. I'm just letting you know that a very bullish pattern is possibly setting up and has been for a while. It's getting stronger but not there yet.
Totally forgetting about company fundamentals, the daily chart is setting up for something that has happened only once in the past 4 years. And the last time it happened, the stock went up over $3/share in 3 months.
The time before that, in 2011, I won't even tell you what happened (hint: the stock went up $27/share in 3 months...not a typo).
So yes, technically by the charts, something that has happened only twice since 2011 and both times the stock skyrocketed after it happened, is only weeks away and can happen at any time between now and then.
You may see Carl Icahn Enterprises getting excited. He, whoever HE is, is probably seeing the same thing as me. And if JVA can pound out one good earnings report now that they have gotten away from trading coffee futures, the stock may very well deliver once again as it did on both those occasions.
This is what it looks like. Every day a market sell order of 100 shares at exactly 4:00:00. Made the stock go from green to red today and this happens every....single....day. Order is called a market on close order, it gets executed at the closing bell.
16:00:00 5.02 100 NSD
15:59:44 i 5.0399 5 NDD
15:59:00 f 5.04 200 EDGX
15:59:00 f 5.04 100 NSD
15:58:31 5.02 100 EDGX
15:58:05 i 5.0499 5 NDD
15:34:46 5.0401 300 NDD
14:58:57 i 5.0329 30 NDD
14:21:49 5.0234 120 NDD
14:06:18 i 5.02 1 NDD
14:05:01 i 5.02 18 NDD
14:02:38 5.0386 492 NDD
14:02:38 5.05 508 NDD
14:01:24 i 5.047 2 NDD
12:05:13 5.05 100 NDD
Every single day, somebody places a "market on close" order to short 100 shares of JVA so the stock closes on the downtick. This has made the stock go down about $0.20 just in the past 2 weeks or so. It's a stupid game, they shouldn't even allow market on close orders for securities this thinly traded. Anyway, don't be fooled by this behavior. If you check the tape, you will see a trade of 100 shares every single day executed at exactly 4:00:00 and it will close on a downtick. One really committed loser short here dedicated to making the price go down.
Point being, things would have to become absolutely dire for people to give up buying the most popular drug in the world.
I stopped drinking tea and coffee in October thinking I was next to die of Ebola. Lack of caffeine almost killed me.
I personally have stopped drinking tea and coffee over concerns about how the Eurozone will survive the loss of 1% of it's GDP if Greece goes under.
The analyst could simply back out the losses and figure out what the earnings would have been. Since those figures are already broken out, that should be easy. The profit would have been over $1 million each of the past 2 quarters without the hedging losses. More difficult will be trying to forecast future earnings with the addition of the tea business and Stop & Shop stores. Gordon said each of JVA's 300 customers already have tea offerings so the tea business could generate very meaningful growth in the upcoming quarters...though I'm not expecting a major contribution in Q3 since it was just launched in May. Gordon could have given the analyst some insight into what he is expecting.
As I watch notorious pump and dump stock NVGN get a 17% boost today simply by a positive analyst price target, I am anxiously awaiting JVA's first analyst coverage.
According to the CEO, on June 11th he said he had met with and had multiple conversations with the analyst who had been busy with their earnings season. CEO said (paraphrasing) "We should have analyst coverage in the immediate future."
Look for "Cafe Caribe" brand coffee at your local Stop and Shop in South Florida, or "S&W Premium" coffee at Walmart. Check online at your local Walmart to make sure they carry it, you can also order it from Walmart online.
Thanks, dad. We would be so lost without your words of wisdom. And if you really think I or anyone else here believes Carl Icahn is buying and posting here, you have no sense of humor. To be fair, whoever that imposter is, volume has increased pretty dramatically every time after he said he was buying more.
That's what I think too. The price was worked downto 4.99x5.00 and the majority of volume occurred between those two prices. Kind of ridiculous to have about 60,000 shares trade between a $0.01 spread especiaaly given only 6 milkion shares outstanding and a float much smaller than that. It felt to me like an agreed upon price.
Hey Carl. When you are done buying JVA, can you send out a tweet about it? Let me know before you do so I can put my life's savings into it.
Good. Maybe the price will go back up when the heavy buying stops. ;-P
Feels like institutional buying. There are a lot of 100 share trades at the bid working the price down, then bigger blocks at the ask. Big blocks keep getting bid all day. Based on the volume and type of trading I am seeing, it feels like an institutional investor is buying a position.
Last qyarter, Dacid's Tea had slightly lower sales than JVA and a much larger loss. Yet the company has a market cap of $540 million vs $32 million for JVA. The tea space is hot right now and JVA is ridiculously undervalued to others in this space. Any success with it's newly launched Teton Tea business will significantly raise this company's value imo.
You do not know the facts. JVA just took a one-time multimillion dollar loss last quarter to end their speculative trading in coffee futures. In fact, that trading has caused two straight quarters of losses that otherwise would have been profit. Since thiis program has ended, JVA management is now focused on their core business as they should have been all the time.
Q3 will see the following improvements in earnings going forward:
1. No more large gains/losses from speculating in coffee futures. This makes sales amd earnings more predictable
2. Analyst coverage is coming "very soon" according to JVA management. Currently, no analysts are following the company.
3. Sales from their new tea business which was launch in May will start to appear in Q3 earnings. Tea has about double the margins from coffee.
4. Sales from selling it's branded coffee to 280 retail stores from a national chain will also start to appear in Q3. This was a brand new agreement announced only weeks ago.
This is why many of us here are more confident than ever in JVA's future results. These are the facts, and the high P/E is an anomaly from one time charges canceling what has been a cancer with this stock and it is finally gone.