TAKE PROFITS AND EXIT OUR SHORT $TIVO (TIVO)
July 2, 2009
After reading Baron’s Tech Trader Daily, it occurs to us that it will be relatively easy for someone to float a rumor of settlement between $TIVO and $DISH causing $TIVO stock price to shoot up. Of course, there may also be a real settlement.
Out of abundance of caution consider exiting rest of our $TIVO short position right here around $9.17. Earlier we exited 50% of the position at $9.07. Our short was from $10.65.
Our fundamental thesis to short sell $TIVO based on advent of networked DVR remains intact. Consider an automatic short sell signal on $TIVO if price shoots up on a settlement or rumors of a settlement.
2 Responses to “TAKE PROFITS AND EXIT OUR SHORT $TIVO (TIVO)”
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Thanks for always finding points to take profits like you just did on TIVO. I find exiting decision a lot harder than entry. I can use help and your blog does a good job at exit signals
I agree with the other comment. You do a good job at locking in profits. I followed your signal on TIVO with 5000 shares and profited $7000. Thx