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1 point posted on 06/24/08

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Michael Parness:

+0.00%

WFMI is one of my favorite SHORT ideas!

WFMI is one of my favorite SHORT ideas! I love the stores, I shop there all the time. Problem is, do you really want to own stock in a company that has MORE expensive food in a hyper inflationary food environment already? And, retail groceries have a habit of going under at some point. Also, HEAVY put activity (I and my clients own WFMI puts and are up NICE!) on the stock. The action is horrible. If it can't hold $25 it looks headed for teens in a jiff! Sorry, Whole Foods, but you are WHOLLY decimated!

Michael "Waxie" Parness

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Whole Foods Market Inc

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Whole Foods Market Inc (WFMI)

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