What do you guys think of krispy kreme as a swing play. I have bought it and sold it a fewe times now; although I got caught holding the bag last time when I bought at 6.25 and am still holding. It has been pretty quiet for a while now, I was thinking about doubling up my shares if it drops back down to 5.50.
Posted by Art on :
I would buy at 5.6 or less
Posted by Cashmaker on :
Well, I could sell now and recover my captital...Without any good news (would be nice for a change) it doesn't seem this can go all that much higher...or do you think no news is good news with this one?
Posted by Art on :
i would sell now and buyback later on a dip
Posted by Cashmaker on :
Its steadily climbing... up to 6.51. I got a stop loss in at 6.45 now and I'll re-evaluate later in the day...thanks Art
Posted by Cashmaker on :
Out at 6.45
Posted by Art on :
Now watch it go to 8 by close today.
Posted by Cashmaker on :
Probably. Figures...
Posted by Cashmaker on :
Well it hit 7 anyway.. That's allright. it was still the right decision....you have to be disciplined with the swing plays...lest you get burned
Posted by Cashmaker on :
Closed at 7.50...I really can't win with Krispy Kreme. LOL
Posted by Cashmaker on :
Sure would have liked to see this headline before I sold KKD....
Krispy Kreme stock up 20 pct on Buffett talk Fri Mar 4, 2005 04:07 PM ET
Posted by Art on :
Well in this case the pop up ahead of the news was insider buying from those on the inside who knew the news was coming out today.
If this hadn't been the case, it would have pulled back today after its pop up, but instead it went higher on the news.
Posted by Art on :
quote:Originally posted by Cashmaker: Sure would have liked to see this headline before I sold KKD....
Krispy Kreme stock up 20 pct on Buffett talk Fri Mar 4, 2005 04:07 PM ET
Been there, done that. Posted by robbob on :
Interesting Short Theory Here, over 51% of the float is short, going to be a squeeze from Hell if it occurs!!!!!!