This post was recently published on ZYX Short Change Alert.
Adding a 5% tranche to SPY in the zone of $165.80-166.75, preferably close to the high band. SPY is currently at $165.85.
CAUTION: New subscribers, please carefully study Trade Management Guidelines before initiating this position.… Please click here or the title below to read more.
There are days when price action in stocks provides more information than usual, all one has to do is to observe while leaving opinions at the door. Tuesday was one of those days. There were major announcements from BlackBerry as well as Nokia and Apple AAPL stock fell precipitously in the afternoon.
There were several announcements at BlackBerry Live user conference being held in Orlando, Florida. BlackBerry announced a cheaper new model to be called Q5. Q5 is directed at emerging markets and will contain a classic BlackBerry QWERTY keyboard. The phone has a 3.1 inch touch screen and looks similar to the once popular BlackBerry Curve. … Please click here or the title below to read more.
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.… Please click here or the title below to read more.