This post was just published on ZYX Short Change Alert.
GOOG has announced a service that will compete with P. Normally on this news it would have made sense to add to P or initiate a new position. However in this market, it is best to be very cautious.
What To Do Now?
Those in the stock (P) who are building a position for the long-term and can withstand drawdown in the context of the overall portfolio, may continue to hold.
Those in the stock (P) but are not able to withstand a drawdown in the context of the overall portfolio, may consider lightening up on any pull back.
Those not in the stock may wait for a new signal in the Real Time Feed.
