This post was just published on ZYX Buy Change Alert.
The stock market continues to punish growth stocks. The overall action in the market this morning towards growth stocks is very negative. The recent call was to accumulate 30% of UAL. In view of market’s behavior towards those stocks this morning, the position size should be reduced to 20% of the full core position size. What this means is those who are in the process of accumulating may consider accumulating no more than 20% and those who have already accumulated 30% may consider selling 10% or in the alternate put a tight stop on 10% in the zone of $38.43 to $38.63. The stock is at $39.15 as of this writing.
The plan continues to be to accumulate more if the stock goes lower. Please stay tuned to the Real Time Feed for a signal to buy more.
