This post was just published on ZYX Short Change Alert.
GNRC is a manufacturer of generators. It is way overvalued. If there are no major storms on the East Coast, especially the New York area for a couple of quarters, this stock is likely to dip into the $30’s.
Over the last few days the stock has pulled back, but any move up in the zone of $52.90 to $56.90 may be used to add to the position or consider initiating a position. At this time 30% of the full core position size is being held. Consider limiting the position size to 50% of the full core position size at this time. The reason is that here is no good way to predict storms. It is not advisable to be holding 100% in the event another big storm hits the East Coast. However, in the event another big storm hits the East Coast, the plan will be to build 100% of the full core position size if the stock goes higher and nothing fundamentally changes. Of course there will be a post on the Real Time Feed at that time.