TB11741
Short

GMCR / SHORT to the low 120s

NASDAQ:GMCR   KEURIG GREEN MTN INC
8 0 1
GMCR            

As volume drys up and momentum from Coca Colas announcement of taking a stake in GMCR             is a distant memory ,it seems the catalysts to drive the stock higher are fading.

The stock also seems to have gotten away from the yellow trend line , which confirms in the least a pullback to the low 100s.

Although I feel stock is overbought , I expect to close my short position at the 120 level and see if institutions support the shares or continue to sell.

Only way I see shares going higher is a black swan event...similar to Cokes investment announcement
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