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Panera Bread Company Message Board

  • gamer13to gamer13to Dec 22, 2003 4:49 PM Flag

    Bears Take Cover

    PNRA has decisively broken the middle Bollinger band and the upper band will be around 41/42 by the end of the week. A short spike through 40 would not necessarily invalidate G. Smiths "neckline" but would be required for a complete retracement.

    A 50% retracement of the decline from the October high to the 34/35 low would be 41. A 61.8% retracement would be 42.4.

    If J. P. Morgan did do a secondary for PNRA, they would certainly to build out stores on that 2,000 plan in a much shorter time. Of course, existing shares would be diluted.

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