The trend started with the tobacco industry, then it expanded to food processing, then alcoholic beverages, then personal household products, then to the non-alcoholic beverage stocks. The next 2 industries in line are Fish/livestock and OFFICE SUPPLIES!
SPLS being the undisputed leader in the sector should benefit greatly on the upside if the current love for Consumer Non-Cyclicals spills to the Office Supplies industry.
Are we next on the launching ramp in our sector? Intelligent opinions and smart remarks are equally welcome.
I think SPLS may be getting close to at least bottoming, although 8-10 range looks within reach and could be next support level if the next wave down breaks for new low, no confirmed uptrend signals on the long term indicators yet... However, I beleive the investing community will be eating lots of soup for the next few months (maybe even years), therefore I'd say watch CPB ...long term trend may be finally turning up after downtrend that started in 5/98, then again may just be short term uptick in sales due to new poor class from daStreet...SPLS current longterm downtrend started in 6/99 so could be awhile before any "sustained" uptrend forms, especially if this Greenspan prick screwed up again...