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Staples, Inc. Message Board

  • dr_program dr_program Nov 30, 2000 7:35 PM Flag

    Been noticing a trend. Opinions please!

    I just wanted your opinion on the trend of the
    market during the past 13 weeks. During the past 13
    weeks, Consumer Non-Cyclical stocks have outperformed
    the S&P by 31.5%. (Please view the following table:
    http://clearstation.com/cgi-bin/Itechnicals?&Ordering=WEEK13SP&SortDir=-1 )

    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.

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    • 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...

    • Nice trend spotting, doc. I was actually playing
      around with the moving averages and office supplies
      currently claim the 3rd spot for 5-day moving average:
      http://clearstation.com/cgi-bin/Itechnicals?Sector=8&SectorName=Consumer/Non-Cyc
      lical&SortDir=-1&hidepenny=TRUE


      The office supplies industry may be
      gaining some momentum here. I really think that after the
      presidential controversy is solved, SPLS should rally
      strongly.

 
SPLS
13.69-0.03(-0.22%)12:05 PMEDT