Update May10, WFMI

Most of you know I haven't yet bought anything for a long time. I have a long watchlist, and none of them appears to be a value play for the last 3 months.

Today, one of my all time favorites - Whole Foods (WFMI) jumps out. It suddenly went down over 10%, currently about $40.50. I just quickly checked out the triggers - lower profit due to new store openings, and potential difficult in getting approval of merging with Wild Oats Market.

Both are non-critical news to me. I am in. If it continues to go down, I will take more. For those who share the same sentiments that the overall market picture is not too bright, you can pair this purchase with QID (Ultrashort QQQ), which I did.