These posts were just published on ZYX Short Change Alert.
STJ reported earnings that are slightly better than expectations.
Our short thesis has to do with the quality of the products and its resulting negative effects on the company’s reputation. Our thesis remains intact. However, in this bull market it is important to be cautious. There are two courses of action here. Those who cannot handle large draw downs may need to partially cover here and cover the rest on a pullback.
Those who can handle draw downs may consider adding a 10% tranche right here around $51.60.
Adding another 10% tranche to STJ right here around $52.70.
