...look at PEP run...
Hi, Al,
I was long some APR 42 1/2 calls on a service recommendation. It had just made a new high at 44 something. Guess what: news of a potato shortage! Stock dropped 5 points, and calls dropped off the radar. Then, like magic, no more potato shortage.
Good luck with PEP. Remember, lots of the bottom line comes from the chips, not the soda. I do think its a strong stock, running well above its support line on P&F chart, but last signal was a double bottom sell. Now in col of x's, so may be good opportunity to add stock, but not a conventional P&F signal 'til 45, which would be a nice 3-pt breakout.
Dennis |
