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.
Yes, I look at the level of shares outstanding (because very few companies that buy back shares actually reduce their shares o/s because they issue shares to their executives and fund their retirement accounts with the shares and they also issue new shares for special situations. You can graph "shares outstanding" here at TradingView very easily in "indicators" - "fundamentals" - "Shares Outstanding".
A-shot
⋅
TFM seems to be at least a sideways trade - did show us where the floor is.
timwest
⋅
It's a boring idea... But it's been a 2-time, 10% gain for me so far this year. A very nice winner. But maybe it just slowly grinds higher from here. This is for that 10-20% of your account that you hold onto for the longer term.