This stock should have been a bigger long than what it was considering how green the chart was. But I was not too excited about some stupid food stock then. So this was not a big position, even though it should have been. Still it was much larger than the longs I am taking now in this market where we simply can’t find stocks that look like this this early in the selloff. In a little under five months, FDP produced a solid 80% gain, compared to the Nasdaq’s near 20% decline. A 100% relative gain to the market.
the buy:
the top:
Turnaround Tuesday lives up to its name as the Dow leads the Market higher
Void of economic releases the market did get showered with more than $3 billion in asset purchases from the Federal Reserve. A hiccup in the morning was quickly support as the Federal Reserve Open Market Operations flooded the market with fresh new cash. Over Europe the DAX closed in the green for the 11th straight [...]