So...I've said on many occasions on these threads "don't chase this stock when it goes above $30...wait for it to drop back into the 28's".
Today is another day where it's traded back into that territory. Who's buying?
It may drop further, but you'd have to be crazy to be buying this stock in the 30's. And for all of the know-all-chartists out there, can't you simply look at a price chart and count how many times this stock has fallen into the 28's over the past 6 months. Isn't it plain obvious that it finds support at these levels?
Forget the service factor in Japan. I'm more concerned about the 21 tonnes of food that has been withdrawn and thrown out from the stores of which the Asian geography accounts for nearly all of that wastage. Japan, Taiwan, Singapore, Malaysia & Cambodia.
DMP Price at posting:
$29.11 Sentiment: None Disclosure: Held
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