Close GMCR
FTC News Details Position
Dear Bottarelli Research Member,
The unexpected news from the FTC has temporarily derailed the upside momentum in shares of Green Mountain Coffee Roasters (GMCR – NASDAQ). Since today’s weakness has now pushed below yesterday’s close, we have no choice but to close down our GMCR February 90 Calls (QGM BR).
While it’s impossible to predict news like this hitting the wire, I’m confident that we’ll soon make up for this loss with a series of new plays on GMCR. After all, I get the sense that today’s selling pressure is being compounded for the benefit of those who missed out on playing yesterday’s upgrade-based pop. With a price target of $110 still in effect, identifying the next support level could lead to a new series of plays. But for today, let’s absorb this unexpected news and close our call position now. Sell. (Then, underneath your breath, tell the FTC to go suck it.)
And as always…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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