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SSS - Price Targets for GMCR, BIDU, FOSL

IF GMCR is unable to get back above the 82.40 undercut low of yesterday (Oct 4th low), then our price target for the stock on the downside is at the 200-dma around 74-75.

FOSL is breaking down now off the potential peak of a right shoulder within an overall head and shoulders top. Our downside objective is the 73.01 October 4th low.

BIDU has busted back below its 50-dma on heavy volume and our downside target there is the September 30th low at 100.95.

Depending on your own objectives for the trades, you can take profits earlier or play for an even larger downside move if we go into a new leg down in an overall bear market. Other profit objectives can be a simple 15-20% profit, or a 20-25% profit, depending on how "greedy" you want to try and be. But remember, bulls make money, bears make money, and, particularly on the short side, pigs get slaughtered.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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