Dr. Pepper Snapple achieves 5 Star Caps Status!
August 19, 2008
– Comments (2) |
RELATED TICKERS: DPS
, MNST
I've been an investor of Dr. Pepper Snapple since it's IPO release. You know.. back when Motley Fool's quickly gave it a 3 Star ranking and All-Stars piled on it as a bad investment. Gee? Where have all the Underperforming All Stars gone? Just 1 left.
My stake in DPS started at a mere 30 shares and has already grown to 165.
I guess this calls for a Celebration and what better way to celebrate than to break out a Snapple Apple... or a Snapple Pink Lemonade? Or maybe down a Snapple Raspberry? Strawberry? Mango Madness?? Arrgggggh choices...choices....choices....Oh I know!? I'll suck down a Venom.
Unfortunately for investors who have stayed away from DPS and kept their noses up at the stock here's the situation for NEW BUYS (A.K.A. DPS NEWBIES):
1) DPS is long overdue to sell-off. RSI is above 70 over the past 3 trading days.
2) DPS has been artificially inflated a bit from an onslaught of buying by Hedge Funds, Gurus, Big Pocketed folks.
Personally... These Big Pocketed Folks needs to settle down. We don't need to achieve Standard and Poor's $27 target in a week! (sheesh). S&P calls it a 12 month target for a reason! It should take just about 12 months! Not 12 Minutes!
My prediction for a good DPS entry point into this stock is $23.
This thing strikes $26 but comes down to $23 before recharging and lifting off to $27.
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