Blog > US Stocks and Markets > Blog article: Cover your shorts on Whole Foods (WFMI:Nasdaq) for gains of 11-20%
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Cover your shorts on Whole Foods (WFMI:Nasdaq) for gains of 11-20%

Posted May 21, 2008

Baltimore — (TFN): Whole Foods Market, Inc. (WFMI:Nasdaq) continued its downward slide today, losing 3% in today’s trading. Last week, on May 14, the stock lost 14%. I had recommended you short the stock in my April 24 Hot Stock Pick of the Week. The stock traded at $31.63 on April 24. And, of course, climbed up to $35 by May 2.

Today, the stock dropped as low as $27.92… -11% below my initial recommended short price and almost -20% below the post-recommendation high.

I don’t feel strongly enough about organic arugula to revel in the decline of WFMI’s stock price. Take profits when the stock breaks below $28 again or moves back up past $28.50, whatever happens first. DO IT TODAY.

Remember… you heard it here first!

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Posted by J. Christoph Amberger · Filed Under US Stocks and Markets 

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