Thursday, January 11, 2007

SELL: Food Empire

Food Empire Shares has performed extremely well over the least 1 week for me. Its formed 2 gaps over the last 4 days, and surged to a high of 40% from my purchase price.

Its a matter of time the stock will correct itself, with the previous base formed at the $0.590 level. Revert to sell over the previous review due to the large fall in price after peaking, implying a large correction soon.

"Had the stock not fall >10% from the peak, the stock would not have been sold"

"Always sell a little too soon. Otherwise the chance will be lost should the stock turn sour."

SELL Food Empire, Should fall to $0.68-0.75 level from here.
Sold at $0.79, 32.7% gain from buy price.

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