SHORT SELL SIGNAL ON $AFFX (AFFYMETRIX)
Macro picture is getting worse for this company as is evidenced by earnings warning from $ILMN (ILLUMNIA). We are short from $6.00.
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July 1, 2009
Macro picture is getting worse for this company as is evidenced by earnings warning from $ILMN (ILLUMNIA). We are short from $6.00.
… Please click here or the title below to read more.Our analysis of all reliable projections of supply and demand that we can find has not supported crude oil prices of over $70.00 per barrel. However, we refrained from giving a short sell signal due to strong technicals.
Yesterday, there was a vicious reversal from highs of the day. Same pattern repeated today. It appears that technicals are finally deteriorating. Earlier today we gave a short sell signal to scale in at $71.70 via twitter. We will tighten the stop on half the position and maintain the rest with a wide stop.
… Please click here or the title below to read more.