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Selling continues to be the name of the game. Although, the Swing-Trader Bulletin continues to show resilience with:
- Service Corp (SCI) down almost 8% to 10.71. The short position has a unrealized gains of almost 10% since profiled 2 days ago.
- Gardner Denver Inc (GDI) dropped another 7% today to $35.08. The short position gains about 14% in just 3 days. This is impressive.
Despite the overall negative tone, our long positions are doing extremely well with:
- Cepheid (CPHD) added on to previous gain, up about 4% today. The long position up 25% in less than a week.
- Advent Software Inc (ADVS) jumped more than 3% and @ new high. The long position up 27% in less than 2 weeks.
- Starbucks Corp (SBUX) gained more than 2% to $28.33. The stock up for 3 consecutive days followed our positive comment.
On the downside, Research in Motion Ltd (RIMM), Accuray Inc (ARAY) downed a bit - about 1% each - though these stocks still having amazing unrealized gains.
Please trade accordingly (take profits, roll stops…etc). We'll see you at the closing bell.
Please trade accordingly (take profits, roll stops…etc). We'll see you at the closing bell.
Stay tune!
