Monday, October 08, 2007
Quick Alert: Food and Beverage stocks still strong
As you know, "The Fly" is a big fucking fan of food and beverage stocks, mainly because you are fat.
Right now, CAGL'A, YUM, ADY, TAP, BKC, WBD, GMK, CALM, AKO'A, CMG and HANS are fucking strong.
My favorite, by far, is BWLD, especially if corn prices weaken.
My point: Never bet against the fat dude with a creamed cheese bagel in his hand. That man will make you rich.
Also, I like this KTEC. These fuckers make the machinery that will put human beings out of work, in food processor plants. Their client list includes all of the majors and is represented in most of the shit at your local grocery, such as french fries, vegetables, beans, etc.
Basically, KTEC is a play on feeding fat or skinny people more efficiently. Their machines weed out the low quality stuff and package the good.
Other moving avgs. 10 and 20 look to cross over 50 day within a few days.
Theres a gap-fill play going up to 12.
Volume has been increasing on the upside, and the Bollinger Bands suggest some volatility may be coming. In fact, the stock has been riding its upper band for the past 5 sessions.
I haven't checked short interest.
I got out of a bunch of my ALVR on the rebound this morning. I've owned it since sub $10, and I don't like big drops outta nowhere.
I kind of think the story was bs, but I also think it may drop a little more here. It's a frustrating stock to own, as it tends to do this bullshit every now and again.
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