yep...as soon as they witnessed (and missed) the demise of CMG, they started looking for another scenario just like it..unfortunatley it didn't work out that way...now the pendulum swings in the other direction. 104-108 remains my target.
The shorts from lower levels such as under 90 may have covered and pushed up the after hour prices, but starting in the morning, even if not the first few trades at the open, there will be downward pressure on the WFM price. As of now, the futures show the SPX won't be up. The SPY futures now indicate -.60, which is virtually unchanged. Brokerage comments may be good, but the stock price would need more than wonderful comments. Even if analysts repeat former positive comments, that's not enough to keep WFM up where the stock went to after hours (193-195 is over IMHO). Anyway, I have time to hold what is a small position for me and there will be negative days even if not tomorrow.
Competition increases both with other company's new stores and with changes within existing competitors.