Green Mountain Coffee Roasters Inc. (GMCR) – Sell
As I expected the price of Green Mountain Coffee Roasters Inc. (GMCR) has recovered from the unreasonable drop on 11/10/2011.
Since I bought the shares on 11/10 with the whole intention of selling once the share price recovered I sold those shares today for a quick 41% gain. The stock recovered much faster and better than I would have expected. I am quite happy with this trade. However, at this particular price, I see more risk in this company than reward and will evaluate better opportunities for investment at this time.
I certainly plan to continue watching the price of of GMCR and look for a reentry if the price drops enough again. I suspect that the current news of pending class action lawsuit investigation will cause downward pressure on the stock in the short term, especially considering the volatile nature of the stock price, which my yet again provide another good entry back into the stock.