On Tuesday, November 10th, I recommended comcast as a hot stock pick on the short side. The trade was opened at $16.65, and yesterday, November 21st, my profit target of $13.17 was hit, closing the trade.
$3.48 per share or 21% profit in 11 days, not too shabby! Here’s how the trade played out:
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The following is a monthly chart of Monsato, a stock which has been in a long term uptrend, but is now flashing sell signals in momentum, money flow, and trend strength. Look at the incredible bearish divergence in the PPO, which headed sideways during most of MON’s metroic rise. The DMI is signaling a [...]
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 [...]
Trade Overview
This is the first time since starting Record Price Breakout that I have followed a trade from initiation to close.
JRCC is a perfect example of stuccessly predicting price action due to the trend of the stock matching that of the overall market and falling into sync with the associated technical indicators.
The trade was opened [...]
