Nice base action and now the bottom range appears to be cleared. Solidly profitable down here with 14% ROE and manageable LTD.
$35 is solid support and upside to $42-$47 over the coming 3-6-9 months. Low risk, high margin grocer.
(Disclosure: I love shopping there - great food, reasonable prices)
Tim 3:55PM EST 36.88 last, 9/18/2014
Comments
vlad.adrian
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Good one Tim!
A-shot
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If only you posted this at least 5 minutes earlier...i was considering on getting in but feels iffy as i don't quite know the shop. Now i would wait for tomorrow to consider again ;)
timwest
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I hear you- it is up on a stretch. I like it medium and long term and it is a good position long against the SPY (short), if you are "market neutral" or "long/short neutral".
A-shot
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Isnt it a bit in overbought at the moment? I sold off for profit and missed the rally last 2 days. Market is quite worrying for me to pick up assets that are in overbought territory.