Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Mission Produce Inc T.AVO


Primary Symbol: AVO

Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.


NDAQ:AVO - Post by User

Bullboard Posts
Post by WonmanshowBMLon Jun 29, 2014 3:27am
547 Views
Post# 22703758

To Answer Your Questions

To Answer Your QuestionsSeveral folks have sent me private messages re: my calcs. I prefer public disclosure so here goes. The low close was May 12 @ 18.68. The high close was on June 17 @ 25.71. The upswing was $7.03. A 50% retracement is $3.51 or down to $22.20. Over the past several sessions it touched on $22.40, $22.36 and $22.33. I viewed this as a buying opportunity on Friday since it had bounced off the 50% retracement level 3X. Of course there could be sellers at lower price points but I think the downside risk is limited. Many people are still holding on from the $10, $15, $20 range and when they see a drop they choose to take profits instead of seeing them evaporate. I don't think many short sellers exist at these levels and if they do they need their head read. The stock has retraced 50%, financials are due in several weeks with a CEO who is adamant that he will hit the $500M in a burgeoning market. I believe him because he continues to raise the subject without prompting. Would you short a $22.58 stock facing the up'n coming facts over the next few weeks. Doubtful. Shorting is easy, covering is the problem. There are 46M shares out there and a good % of those are owned by insiders. The float is so low that the s.p. ,moves in .20 cent increments vs. pennies. Short away peeps but it'll cost you a pretty penny to buy back my shares. I'll likely send the s.p. up .20 next week by buying several thousand more shares. GLTA. Disclaimer; I did get burned by believing a former Blackberry CEO that he would sell 10's of millions of the Z-whatevers. He lied. I trust Alexander F. because he has proven the growth story on numerous occasions. Suzanne.
Bullboard Posts