I am in NC and prices did rise significantly, but they are slowly falling. And POST was not hit from a revenue perspective and barely made comment on egg prices during their earnings reports. While CALM jumped on the issue back in April it has done nothing since. But POST is just the opposite and looks to be continuing its climb up.
Looks like a possible re-entry today. A little nervous on how the earnings will be since prices have come down. Even if earnings are good, how will people interpret it????
With one week until earning, release scheduled for 12/23 after the close, does anyone have an opinion for the longer term? Weekly R/W attached for review showing we are at the bottom of a longer term uptrend and also sitting at support/resistance. [CALM_12-15-2015](//muut.com/u/pttresearch/s3/:pttresearch:GmQQ:calm_12152015.jpg.jpg)
Was not hearing any upates from Mark; took my profits several weeks ago & ran.
I took my profits weeks ago as well. Just bought in again though.
@Brad and @wkf, that is exactly my point in providing and/or using R/W charts along with support and resistance lines. PTT pick can be very lucrative in the short term and longer term. I normally have a trading position and also a long position based on the R/W charts. It depends upon at what point the stock price is on the R/W chart when PTT implements the buy (or recommendation) signal. Many run up, yea if you got in early, and then slowly slide, yea again, if you sold and but when it approached the bottom of the channel. Oh, and I do get caught on the wrong side. But that is the nature of this form of Globalized legal gambling. Cheers, Kurt