May 3, 2008
Short Artisan Bread as Busted Boomers Tighten Belts
The Box found four shorts for Monday, including Whole Foods:
Cat: | Time: 11:50 am (utc+8)
- Archive |
- Older Stuff |
- Feed
May 3rd, 2008 at 11:30 pm
cm….wfmi volume is totslly differnt on qcharts
May 4th, 2008 at 1:11 am
What was the cumulative R for the past months, assuming all the with-the-trend trades are taken using the ABC stop?
May 4th, 2008 at 7:13 am
@koain: Qcharts volume data is often screwy, but who knows, my data could be wrong too. The Box works off price alone so it doesn’t really matter.
@nabble: April is shaping up to be a wash to slightly negative — nothing to write home about. I’ll have the exact numbers in the annotated chart book which I’ll post when I finish it.
May 4th, 2008 at 8:58 am
I only hold intra day but WFMI is at a great entry point if you hold for an extended amount of time. It is at a pivot resistance point of $35 and will rather breakout and run to $40 or pullback to $25. WFMI is also too expensive for any value investors to be interested. Cost of food gone up so profits should be less for WFMI and with Microsoft saying no mas to Yahoo, you could easily see the markets sell off on Monday.
May 4th, 2008 at 11:29 am
KC: Your guess is as good as mine. All I know is after Mr. and Mrs. Front Porch USA fill up the Escalade with four buck a gallon gas, they don’t buy as much artisan bread down the store. (See SBUX chart for what happens during the belt-tightening part of the cycle to companies that sell 30 cent cups of coffee for three bucks.)