Looking at Pick n Pay's implosion today, I cannot see how Spar is going to fare any better. Anyway....From a technical perspective, Spar is reaching overhead resistance at about the 200 day moving average and has often been sold down at these tops which can be seen by the long upper tails that have failed to create new daily highs. So we have gone SHORT ahead of the results with a technical target in mind. We entered the trade at 18150 with a target of 16800. We're only risking 2% of the portfolio at stop loss (around 18800)