Note that HSBC is out with a downgrade on Whole Foods (NASDAQ:WFMI) taking their rating to Underweight from Neutral. HSBC says the natural and organic grocer's gross margin trends and costs in newer stores are a concern. Tgt goes to $36 from $52.
Notablecalls: Didn't think it would happen but here it is. WFMI looks to be heading towards the $40 levels and that's where I expect it to bounce.
Notablecalls: Didn't think it would happen but here it is. WFMI looks to be heading towards the $40 levels and that's where I expect it to bounce.
I expected Whole Foods to find support at $40 as well. I bought some May07 $40 calls last Friday. Didn't work out too well!!!!
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