Update of my position in GMCR
The news that Green Mountain Coffee Roasters/GMCR will now sell its Keurig and K-Cups via Wal-Mart/WMT is a game-changer; the result is a fundamental and sudden revaluation of the company, and Wall Street's expectations. So everything ratchets higher, and the stock soars as a result.
I have not, nor will I, sell this opening gap up, which should prove to be an intermediate term breakaway gap, and not an exhaustion gap.
Full Disclosure: Still long the shares of Green Mountain Coffee Roasters/GMCR
-- David M Gordon / The Deipnosophist
Labels: Company analyses
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