TAKE PROFITS AND EXIT OUR SHORT $TIVO (TIVO)
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.… Please click here or the title below to read more.
July 2, 2009