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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (203833)	5/22/2009 7:52:00 PM
From: NOW	Read Replies (1) \| Respond to of 306849

CBRL is going to be a barrel of monkeys next week

To: Perspective who wrote (203833)	5/22/2009 8:50:32 PM
From: patron_anejo_por_favor	Respond to of 306849

Wait and see if they take out the recent pivot lows. Then you'll have a good well defined stop point if they retest from below. In both cases it's only a few percent lower than where the stocks are now......

To: Perspective who wrote (203833)	5/23/2009 10:31:17 AM
From: ChanceIs	Read Replies (4) \| Respond to of 306849

RE: DIN, CBRL and the Chicken Spread I never gave up on BWLD, EAT, etc. Took some huge losses. The 10% cut your losses rule is now in force in my household. The fundamentals never presented a boolish case as far as I was concerned. Hey!!! I was right and the market wrong. Schwab has CBRL on its "HTB" list. Tell you anything??? Now for the chicken spread. I shorted TSN and SAFM yesterday. SAFM is on the HTB list - sold calls. Both have raced too high and/or suffer from ridiculous, worst is over bounces. As foolish as it sounds, these chicken processors run up into Memorial Day and then take gas. I think that chicken margins may be coming back on lower commodity (corn) prices. But the damage done was huge. Massive plant closings which won't be reversed soon. I don't see corn staying low for too long. (Am having trouble posting charts today. Hope the TSN and SAFM charts appear below)