holding HOTT and GIS Looks like the market is ready to head south. Time to clean out longs.
we passed our target for LMDIA today. The stock has shown some really great strength, and just broke out of a bullish symetrical triangle, a continuation pattern. Moving stop up to $23, our orginal target.
Previous Virtual Portfolio Update Footlocker (FL) Hanging on at these levels. I’m certain the markets are going to be headed sharply lower over the next couple of days. That said, Footlocker has been bucking the trend, and headed higher since late December. With a strong break out of a 3 month trading range, or slim-jim. [...]
Somehow, I wrote this post last night, but it didn’t publish… Anyhow, here are yesterdays moves Yesterdays Moves. At the close: Bought to close half of our existing short position of ALK, 110 shares at $18.18 for a profit of $500.50. We currently have 1/4 position left. Shorted 35 shares of SPY at 71.73. Target [...]
