It will be a matter of time before this takes off with same store sale going in the right direction. PNRA generates lots of cash. The support in the fundamental is there with ample cash flow. If the same store sales goes up to 4-5 % range, this will go back to 190. The bread business usually gets better in the fall in a seasonal pattern. The worse is over.
Longs are getting shafted by AMZN Q to Q. It is a greater fool theory of hoping that another sucker will buy your amzn shares at higher price. AMZN should be valued like Walmart.
See my previous posts. No brainer at this price. There are no shares around for funds to buy now. All shares are bought and kept in strong hands of institution investors.
But no need to be emotional as I had suggested. I missed the bidu 10 bagger when ws crooks were telling everyone to sell in 2009. Same fools like fast money clowns and Cramer. Never listen to professional con-man. Watch n study your charts and all the data diligently. You ll be rewarded.
cant compete with pcyc's cll drug.
why is the q report so important? I don't see it that way. The earnings only reflect for the past three months. WS is looking forward to the next 2 years. Stop unnecessary pumping.
you have a mega short squeeze coming. I would not be surprised to see 100's soon.
since Gild's toxic drug and Abbie's lethal drug are out of the way. It is blue sky phenom
Pcyc will earn 22.5 to 45 dollars (low to high estimate ) per share in the 2-3 years. PE of 15 means 337.5 to 675 share price. PE of 20 means a lot more. Do your math. This should go up to 180 in 1-2 months.
cant' compare it to the premium stores of WFM. SFM serves a different segment of population. More middle class people with limited spending powers. WFM serves affluent customers from diamond neighborhoods. WFM will go down if they decide to downgrade themselves and open stores in average neighborhood.
How is my take in May, 2014. Hit 31 shortly, then plus some. Earning is coming and I expect that you get a lift along with WFM. This sector has turned the corner.
55 tradings days since the big tank post earning at average of 8 million shares per day. You have a total turn over of all outstanding shares by now.
Did my due diligence tonight. This stock will rebound post earning based on Technicals and Fundamentals. Back to 42-43 post earnings. Hit planetary Uranus line at 37 three times without going lower. Did a triple bottom recently. Did a 75 % and 50% Gann retracement at previous pivot bottoms to the record high. Moving average turning positives. Lots of shares had changed hands to value growth funds. Still lots of daytrade shares linger around for quick shaves that follow every spikes. The selling with every spike is actually bullish. That means that all the short sellers or frustrated longs could not drive this down further. Funds are accumulating. I plan to buy on Monday to load up with Jan 15 35 calls to be safe. it has been a long wait for wfm to hit this low since last Octobers, about 283 days or 40 weeks. Spent 78% (40/52)of the year in a down trend despite the facts that their stores are growing and the wealthy grocery shoppers are doing well with SP 500 holdings. This is too good to be true with this premium food and enjoyment grocery store. Love their specialty counters and bars. Check out their Irvine store. I just want to remind the longs to stay strong at this price. You should have stopped out already at 60, 55, and 50. But at this point do not sell in this noisy environment. There are too many manipulators. Short term target 43. Best scenario is 49 post earning. Remember half of their stores were in deep winter from the last report. SFM is a cheap store that is not on the same levels as WFM. SFM is a smaller Albertson who pretended to be an organic stores. SFM is good only because of the growth rate. Buy Mercedes of organic stores WFM. Disclosure: no positions now.
Price tag for pcyc: 16 billions. Pocket chump changes for jnj.
Funds have been accumulating for the past 21 weeks. The new holders will not sell until 220. More stable holders now. It means that there are very few shares around to trade. Tp 220