Online Stock Trading | GMCR

GMCR


Filed Under Market Commentary | 1 Comment

By John Ward

Though I’ve lightened up on GMCR this week, I’m still holding a core position in the event the market continues with the rally at some point.  It’s been my biggest winner so far this year and, should the market indeed march higher, it certainly has the potential to lead the way.  That remains to be seen, however.  While some “leading” stocks like MDAS, STAR, INT, NTES and TNDM have hung in there, others have simply been taken out back and shot.  First they came for MYGN and I did nothing, then they took ALGT down….so who’s to say GMCR won’t be next?

Given the whipsaw nature of the market at present, the best advice today is the same advice Gerald Loeb offered back in 1961: keep those trades short-term.  It’s far better in this environment to get out of a stock too early than too late.  Things can change quite rapidly.  And in the words of David Bowie: “I’m much too fast to take that test….”

Positions: GMCR, NTES, TNDM

gmcr

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Comments

One Response to “GMCR”

  1. Sierra on May 21st, 2009 1:51 am

    The chart’s a bit chaotic… especially when it’s set at that size, but very informative post. You sure did manage to put a lot of good points here

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