GMCR giving me the jitters

I'm not into shorting these type of stocks but i certainly wouldn't go long here either. Reminds me of TASR, CROX and other fad crap stocks.

 

Watching for short entry below 80.00; initial target 76.00.

 

up it goes.....

 

Overbought stocks eventually will bull back even if they are on uptrend...

 

OK, I just noticed GMCR hitting the hi ticker above $98/share. WTF, mate? P/E of 75?? Does their coffee cure cancer?

 

My analysis show pice at resistance using some simple warning lines which are calculted from an equal distance from the median, and upper fork line of the black fork. I kept adding equal distance of 11.75pts till we got to resistance right on the warning line. GMCR's at an all time high, but I can still find its weak spot

#1 The markets are Geometric in nature which is why shapes like channels ( rectangles ), and wedges (Triangles) and other shapes can predict price.

#2 This is also why these lines I drew hold importance, which isn't just my opinion, look at the 60 level. Came down, hit the line, and bounced off the f---in wall, and ran 60% and climbing.

 

been long since 85.50

lovin it

 

Nice! Ivica nailed this breakout zone, too: http://www.elitetrader.com/vb/showthread.php?s=&threadid=156582&perpage=10&pagenumber=5

Hopefully still holding it

 

What did I tell you? Don't fight this tape. You should have went long when I said to.

 

I'm not fighting anything. I don't trade GMCR. All that caffeine gives me the jitters. I prefer the mellow feeling that comes from trading POT