Let DPS drop some more... Not time to buy yet!
When it's time to start buying DPS again.... I'll post the announcement.
Not time yet...
RSI: 69.65% Goal: RSI: 55%
Share price should drop at least to $26.50. Then.. *buy* *buy* *buy*
Reason a severe pull back in DPS is perfectly warranted? How about this:
1) Q3 2008 = Earnings Miss and never stronger than Q2 sales.
2) Recent Announcements will better influence Q4 sales rather than Q3 regarding the Dr. Pepper College Football contests.
3) No word / news yet regarding HyDrive Energy & Chew success or no success in current push out. Q4 will be better for that anyhow as that needs more time to get distributed out.
In other words.. This ain't the right time for $30.00 a share that I am seeing Options on the CALL side for.
DPS will go into the 30s next year.. I'd try to get into DPS as LOW as possible to maximize gains when it touches $30.00.
P.S. (ATVI) Varchild bought yesterday into the GLOOM... Share price pullback was unjustified... Purhcased at $11.73 moves my Ceiling Buy Point up from $11.48.