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To: Patrick Slevin who wrote (12024)2/12/1998 9:28:00 AM
From: Trader X  Read Replies (1) | Respond to of 17305
 
Brokerage firm initiates coverage on 3 largest food stores.

Safeway, Kroger, and Albertsons.

of the 3, albertson's has the most promising chart.
chart.yahoo.com

has tracked sideways for 2 1/2 months, waiting for a breakout...breakdown not likely.

KR has already broken out from an ascending triangle pattern, and is now consolodating down to support level:
chart.yahoo.com
which would be a good entry point, with higher prices coming on the rebound off support.

this economic environment the past 2 years has been superb for food retailers, who have been able to start raising prices for the first time, really, in almost ten years. Higher prices give then larger margins, and even a 2% greater margin in the high volume food biz has tremendous impact on earnings.

Any one of these 3 food giants would be a good portfolio addition for 6-9 months.



To: Patrick Slevin who wrote (12024)2/12/1998 10:53:00 AM
From: Andrew Vance  Read Replies (2) | Respond to of 17305
 
*AV* -- Thanks for the info on Inger. I use dailystocks quite frequently and have overlooked this. So much data available there so it is easy to overlook. But thanks again for pointing it out.

Andrew

BTW-You have now seen the POWER OF ANDREW<GGG>. Why didn't all those posts disappear?<GGG>. Never doubt the POWER of determination but be humbled by it<GGG>. RESISTANCE WAS FUTILE.<GGG> But I owe it all to the STOCK SWAP PIXIE that was looking over my shoulder and protecting me from the internal insurrection. Finally, it took an army of you to overthrow me in this conspiracy. AND YOU FAILED<GGG>. In certain cultures you would have to forfeit your lives for failure. Here, you just have to forfeit an exquisite stock pick. Now what do you have to say for yourselves???<GGG>. If things change today, it is because it was allowed to happen and I allowed it to happen.<GGG> Y'all should know never to mess with the best.<GGG>. If you Swim with the Sharks expect to be bit.<GGG>

Andrew,
Emperor of the x00s RULES