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WFMI will be a buy but at 35


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#1 eminimee

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Posted 23 January 2007 - 11:00 AM

Below that it's probably going into "Krispy Kreme" mode.

Once the growth stops...numbers have to catch up. That's probably what's being priced in and if 35 holds ..it should lift off again if they are doing things right.

http://stockcharts.c...9875&r=1253.png

Edited by Teaparty, 23 January 2007 - 11:01 AM.


#2 hiker

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Posted 23 January 2007 - 11:25 AM

thank you. some fine work, as usual. definitely is one to buy once it starts to bounce again. i have no idea where it may bottom, tho' some horizontal zones are of interest, etc. will say that the area from $32 (incl after hours action) to today's lows is of interest because was a heavily choppy and traded zone in history with some earnings-related price action back then that found support quickly when testing specific horizontal zones...would post a chart showing it, and will try when have time. peace...

Edited by hiker, 23 January 2007 - 11:30 AM.


#3 hiker

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Posted 23 January 2007 - 11:50 AM

my simple big picture chart..will later attempt to post what I am speaking of in post above -

examining the PnF chart reveals to me that a move below 42.99 may require some energy..so a long entry attempt now may have that as the minimum downside measurement...just an idea to consider

Posted Image

Edited by hiker, 23 January 2007 - 11:53 AM.


#4 eminimee

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Posted 23 January 2007 - 12:40 PM

Hey Hiker...I've got a feeling it's going to really chop south while the street prices in it's opinion. TWT...but I get the gut feeling a long is probably dead money for a month or so.