check the charts. most "food stocks" are at or near their 52 week lows ... the "people still need to eat in a recession" logic is not the issue. people will continue to consume edibles, but these are stocks, pieces of paper that GO LOWER!!! .... speaking of pieces of paper, are any of you SHORT $KMB? ... i know its boring. butt. it works. twice daily. isn't that what this is all about? bringing home the bacon!!
~ hmmmm, why are "our" food shorts not on lows? (DF, TSN, PNRA) ... why am i so stubborn? we should've just gone with the "trenders" like $K, $KFT, ... note to self: remember "the easiest trade usually is."
p.s. ... 0o0pPss, forgot to add $KFT to the picture. doh!
p.p.s. what's for dinner? pick another restaurant to SHORT. EAT? CAKE!?
12 comments:
BOTD,
We need some BOTD T-shirts :D i'd sport one :) with the bull logo
hahaha, hell yeah!
BOTD-shirts (coming soon)
... might get a new logo first.
as for $FAZ and $47 today. missed by .06 cents. ...it cost "the team" HUGE gains. let's all follow the charts. not some random number we "think" has value.
we watched as WFC hit $15, and on numerous attempts, it couldn't break through. problem was when WFC was at $15 , FAZ was at $50. and we stubbornly wanted it lower.
.....hmmm, we still "think" WFC and BAC can run up a bit, and thus, FAZ would get below $47. maybe our patience will pay off. we'll see. (still we missed a hell-of-a day trade in FAZ today, my bad folks)
game on.
added $GS puts today.
our BAC hedges are GS puts, and short AMP.
IYR ate shit today. we took some more profits in on the AM pop, day traded some SRS for a few bucks, and still have a chunk empty big building position. go team!
X broke $20 today.
2Wk Low: 19.93
hmmmmm, steel and things made from steel.
why do we sell so early? ... must take profits, right?
... it's always a constant battle knowing when to sell,... buying is easy.
if you are in the MDR *short* with me.
Next Earnings Date: March 2, 2009
The consensus of the 12 analysts covering MDR for 4th quarter 2008 is a per share value of USD .23.
MURDER. DEATH. KILL.
monday afterhours. we can still add more tomorrow or monday day. go team.
p.s. watch the gap fill potential to the upside. it's big.
PSA afterhours:
Last: 50.00 Change: -2.43 (-4.63%)
SRS should pop. IYR drop. hmmm.
Dean Foods raises earnings forecast.
Sell DF
I mean don't short DF
the bank of billy (MSFT) down 10%+ this week.
closed .05cents off its low.
damn options expiration last week. we had this one.
"right on the idea, wrong on the trade" ... happens way too often.
need to re-focus. have a good weekend all!
BOTD, I hope you'll be right on the call of confidence of BAC.
Have a nice weekend to all
Dow Jones -74.00 6972.00 3/1 6:32pm
not looking good
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