>>So yes you are on the bearish side, but strangely bullish about KKD! <<
You are right about the first part, but on second part, I WAS bullish on KKD, now I'm more cautious.
That's why I do short(box) KKD time to time when I feel it ran ahead of schedule.
I like to go long on few favorite stocks and short the market to protect the longs.
Overall, as bearish as I maybe, my portfolio is usually net long. (Over the long term, say 10 years, stocks WILL go UP)
Originally I bought KREM as 10 bagger in 10 years.
But already, only after 2 years, with 2 stock splits it is around 7-8 baggers. (my cost is little higher so perhaps around 4 baggers).
Still, I maintain that KKD is NOT a good LONG term short candidate. It's an excellent short term trading stock though.
I don't see much chance KKD to fall under 30 but more likely to hit 50 with in a year.
Risk vs. Reward is not there... |
