Krispy Creme looking tasty

Therefore a long in kkd @ 35.25 on a TA basis.

 

TA basis? As in technical analysis basis?

Looks to me like the medium term and short term trend is down.

KKD is forming a descending triangle. It is only a matter of time before it breaks down. At least that is what I would say if depending on a TA basis.

-AE

 

I like it at 34ish on the weekly...good luck Heil I always enjoy watching you buck the "trend" and come out on top!

 

There she goes. Let's see if she comes back up to test the enormously built up resistance.

-AE

 

does KKD normally trade this light? (just under 200k thus far)

 

Average volume is about 700k. It seems that everybody lost interest in this once high- flying stock.


Greetings.

 

Short % of Float (as of 8-Dec-03): 23.12%. This is still quite high. Short ratio could trigger an upward move in this highly oversold area. But still, I can be wrong. This is no " I bet my house" trade.

 

Trade done. Just sold @ 36.09 and 36.10.

 

So this is an intraday gain of 2.4%, which isn't bad for a stock that is supposed of "breaking down".

Best wishes,


heilbronner.

 

Well I guess I could try to cover my ass by saying it broke for a short while. Clearly you were on the right side of the trade, just a little early.

-AE