Stock hasn't had a second day since April. Tomorrow, it gets a second day. Market been acting like it doesn't like @Jack. Guy is in Jobs or Musk category. What's not to like. Most everybody else they're gonna find in this CEO search will not compare. Either run with @Jack or might as well just sell the company. Even the guys WS wants to be CEO say @Jack is King.
The Artist has it right, at least on FB. The line WW said to watch is breaking. WW thinks courtesy of The Bird.
There is no news, but The Artist is not gonna starve this week. We have a date with 83.
So far, do nothing. Didn't get the number I told you about on Thurs so it was a no touch. I was frontrunning the number short on Thurs but we didn't get it and I bailed on Fri with a small profit. I thought I got lucky. And now we get this follow thru to the downside but isn't paying much more than Fri so far.
So now you wait for the Old High Test. IF that breaks, you have that nice trade set up down to 82, just like I said to relax when the rip began. You can frontrun the break if you want. But WW is waiting and watching for now. It could very well hold as support. There's enough points available on either side to let everyone else tell me the answer or just guess at week end.
I remember The Duke telling us what was coming weeks ago. Now we have this playing out during a US Holiday Week, AGAIN. Pure Coincidence. Tells WW we have another Direction Signal coming by this weekend. Still want to instead see the Blowoff Scenario, but I guess individual names and an Icahn Top would just have to suffice.
A special good luck to El Duke this weekend as well.
Problem is, IF leaving somehow works out well for Greece, then Portugal, Spain, Italy and France have their way paved to do the same. The last 3 years of financial interventions prove to be a complete waste of time. And the experimental Euro falls apart. So all those large US companies that make up the S&P 500 with half of their earnings from Europe will see their bottom line continue to cripple as last Q just began to show as a result of a weak Euro and correspondingly strong dollar. Because now, they have to do business in countries whose currencies are worth half of what they were overnight. WW doesn't think Germany wants this worst-case scenario. But that is what they appear to be playing for, most notably right during a Holiday Week in the US, AGAIN.
Note, FB told us how significant this foreign exchange impact was in 1Q and said they expect it to be even worse in this upcoming 2Q report. That is what we Know from the horse's mouth.
Looks like Starving Artist going to make a lot of money today and next week. DOWN on an UPgrade is VERY BAD for the stock.
Just not today. An upgrade on a Fri. What does that say. Now IF it doesn't do what it supposed to do, then it tells you something different, and Art has some fun next week for a change.
In Feb of last year, KO took its first 10% stake and the stock gapped to 98. WW told you to enjoy the ride to 150 as we drummed up excitement for the KOLD system, but that the stock would eventually return to 75. Well, here we are. Took 18 months, but IF you started selling at 130+ like WW, you're now right back to where we said the stock would go. It HAD to go to 75. Remember, KO got that initial stake at a significant discount to everybody else. Market doesn't let that happen. Know That. And that is why we will print 75 again. Instead of drawing up lawsuits, you could have just WAITED to buy the stock like WW. Now you START in front of 75. We could get 63 easy or even roll over hard toward 25 all over again. I mean, this is GMCR after all. Land of the Fun and Stupid. Only this time around, KO may have something to say about a move like that.
Now, know that they have the Kold pricing all wrong. Brewers, but more importantly, the Cups. KO has too much to say about it. Old guys trying to implement an Old strategy. That HAS to change or this new system is DOA. Everybody seems to know that besides GMCR. Don't think Kelley is stupid enough to continue down this path. Either he has a plan to sell outright to KO or he gets PEP involved and brings down the price per cup. Ever think this could be a reason to delay the launch and implement this strategy. That's what WW would do. KO could buy the company now before he makes that move. It's that simple. But really, the move is inevitable so KO doesn't have to buy it and likely won't. Just needs to GET OUT OF THE WAY. Note, GMCR said this was the RETAIL price only. Translation, LOWER PRICES online, which will lead to lower price offerings at select Retailers in time. Just need to know that the scale will be there.
OK. So here you go. IF FB gets a close under 87.45, it goes much lower. And the Starving Artist will be telling us how many Puts he bought every day. So you have your first options trade attempt in front of you for next week. But wait for the IF.
I'm not sure what is positive about this. Clearly they have had an operational problem the past 18 months and counting. So they do right by eliminating The Operator. That part is great. But then they say they are replacing him with nobody, ie, splitting his duties among existing execs. So the answer is to fix the problem with LESS of the SAME people they already have. That makes a ton of sense. IF they don't have a plan to sell out, this solves nothing.
FB gonna rip all week. Everybody playing like WW. We just lock the profits in with puts and let the rest run on rips like this. It's called a Can't Lose Trade. So 90 is no problem to print in this Blue Sky. Would like to see 83 BEFORE next report, but we'll see whether the Blue Sky Line holds. That is 86, a new number for you to write down, with tolerance down to a round 85 sweep.
All your fears of market corrections give you all the more reason to trade ONLY in the options pit. That way, everything can go to ZERO and you don't give a hoot. That is, IF you could even get your cash out of an account that would likely be frozen under that scenario. Keep learning the options game. Small risk so easy to make some cheap mistakes and learn a lot about pricing.
Relax CB. You haven't missed anything. Only as good as the next trade. FB gets 83 again. But like we said long ago, it's still going to Par.
Consider trading the options week to week. Risk much less, sleep much better, and make much more. Owning stocks is a slow, long, old man's game. You don't have the patience for that.