$DNUT: A Sweet Gamble with a Bittersweet Ending
My stop loss triggered this morning on $DNUT. I took a small speculative position in Krispy Kreme as a bit of a gamble—not something I’d normally brag about. I had just received my dividend payout on May 7th, and by the market open on May 8th, the stop loss kicked in and sold all my shares.
After doing the math, I walked away with a modest net gain of around $350.
Over the past 52 weeks, the stock has cratered from $13.24 to $3.02—a brutal 73% drop. I got in near the bottom, so I’m not too bruised. Still, this was a timely reminder of why stop losses matter: they protect your gains and cap your losses before things spiral.
How low will $DNUT go? No clue—but I’ve got a buy order set at $3.00, good ’til canceled. Let’s just say, I’m rolling the dice one more time.
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