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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