I bought 50 shares of SWY at $33.02 on 10/10. They will have earning announcement tomorrow. So far, they always meet the estimated earning by analysts and I think Safeway will do well this quarter especially when the overall economy is down and more people will buy food and cook at home. We will see how it goes tomorrow on the earning report, hopefully I'm right.
Update: 1/2 hour after I bought the shares, the price dropped to $32.92 and hit low at $32.89. I should try not to buy shares in hurry next time, should just watch the tick more carefully before it finally climbs up. For some reason, 2 PM seems the time when stock may reach it highest or lowest price of the day without any news. But most likely will go up toward the end of day as they anticipate for the earning report the next day.
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