Looking for a place to hide in a market selloff? TFM
Republishing my last chart on TFM (The Fresh Market) from 9/18/2014 with the price a little higher.
Note how this stock has been on its way down from being a high-flyer and now it is basing out and trying to find it's legs here to mount another rally to the 40-45 level.
To hedge a long position in TFM, you can short an equal amount of SPY and you would only earn the "spread" between the performance.
Review the previous two charts on TFM to get a longer term, fundamental perspective.
Tim 11:38AM EST 9/26/2014 35.06 last TFM
Note how this stock has been on its way down from being a high-flyer and now it is basing out and trying to find it's legs here to mount another rally to the 40-45 level.
To hedge a long position in TFM, you can short an equal amount of SPY and you would only earn the "spread" between the performance.
Review the previous two charts on TFM to get a longer term, fundamental perspective.
Tim 11:38AM EST 9/26/2014 35.06 last TFM
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