TAKE MORE PARTIAL PROFITS IN GOLD AT $1103., BUT MAINTAIN THE CORE POSITION. $GLD, $GCZ9
Tighten the stops on the core position.
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Tighten the stops on the core position.
In the aftermath of the acquisition of $COMS (3Com), $NTGR (Netgear) is running. The buyers of $NTGR apparently have only superficial knowledge of $NTGR and $COMS. There are vast differences in the intellectual property of the two companies. We can not see $NTGR acquisition providing strategic advantage to any major technology player.
All of the ZYX Change Method screens with the exception of Funds Flow Screen are showing a short sell. If the Funds Flow Screen turns negative, short sell $NTGR.
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As per our earlier post we are short on $GCZ9 from $11.17.
If the movement in the dollar is supportive after the release of weekly unemployment claims, consider a short sell on gold.
In the aftermath of $HPQ buying $COMS (3Com), speculative money is coming out of $BRCD. Further, this morning there are several broker downgrades. We will take advantage of this downdraft and slowly scale in more buys if the stock falls further.