OUR CALL ON THIS STEEL STOCK PROVES SPOT ON, UNITED STATES STEEL FALLS OVER $6, TAKE PROFITS AND EXIT THE SHORT POSITION $X

OUR CALL ON THIS STEEL STOCK PROVES SPOT ON, UNITED STATES STEEL FALLS OVER $6, TAKE PROFITS AND EXIT THE SHORT POSITION $X

This post was just published on ZYX Short Sell Change Alert.

Our call on this steel stock has proven spot on.  Early this year United States Steel Corporation (X ) was heralded as the best trade. When we were shorting as high as $40.38, every Wall Street bank was in love with this stock and most gurus were heavily promoting it to buy.  We were alone in short selling. Now the stock is trading at $24.32 as of this writing.  Our target all along has been in this neighborhood.

We did manage the risk by scaling in at various prices and also taking partial profits along the way.  Consider taking profits in the zone of $22 to $25.11 and exit the position.  Consider using protective stops while trying to get a better price.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.  Please click here and scroll down to see the table of all trades.  These trades have been scrutinized in real-time by thousands of subscribers across the globe.  This provides easy verification of performance for newcomers to this site.  Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog.  When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table.  There are very nice gains on this trade but since the entry trade was not posted here in real-time, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.

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