BWLD was recommended by Cabot Market Letter at $89.50 in Investment Digest issue 715, dated March 14, 2012. BWLD closed yesterday at $78.17.
“Our market timing indicators haven’t changed — we continue to believe the market correction has further to run, but the evidence still points to a longer-term uptrend. However, there’s no question the sellers are in control right now, and it’s important to watch your stocks closely and jettison any that show abnormal weakness.
“In the Model Portfolio, we have tight leashes on a few names. One that we are selling tonight is Buffalo Wild Wings (BWLD), which was hit hard after the company released its earnings results an hour early, before the closing bell. That could cause some volatile trading in the days ahead, but the evidence points to a stock that has topped and is breaking down, so we advise cutting the loss and holding the cash.”
- Michael Cintolo, Cabot Market Letter, April 24, 2012