In my hot stock picks article on September 18th, I recommended 2 stocks for a short:
- MTZ
- COST
MTZ:
On September 18th, 2008, MTZ was trading between $14 and $15. I sent out a recommendation when the stock as was $14.56, entering a large area of resistance. Today I closed the trade at $9.89 for a total profit of $4.70 per share or 32%
COST
On the same day, COST was trading between $66 and $71. I sent out a short recomendation because the stock was showing bearish divergence in several indicators and was entering an area of resistance. The trade was opened at $69.08 and was closed on the close today at $57.92 for a profit of $11.16 or 16%
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