Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
As per the prior post on ReachLocal (RLOC), added to the short position on exhaustion of the upspike. The average short price is now $24.65. For details, please refer to ZYX SHORT SELL CHANGE ALERTS. We will add to the position on exhaustion of any further upspikes in the Entry Zone as dictated by the ZYX Change Method.
ReachLocal (RLOC) is rising almost 30% on two pieces of news. First ReachLocal entered into a partnership with Google (GOOG) under which ReachLocal is now considered a global premier AdWords partner. Having managed distribution channels for several companies I know that adding a premier partner program to an existing partner program is not only a natural progression, but also common place in the industry. This is nothing special as bulls would like to believe. Google is likely to have tons of new premier partners in the future. The partnership of Google with ReachLocal is not
IRobot (IRBT) reported earnings last night. The projections are light and not commensurate with the recent run up in the stock. We are now short from an average price of $38.12 and we will add to our short position on exhaustion of any up spikes. ZYX SHORT SELL CHANGE ALERTS contains more details of the trade.
Aggressively short selling silver futures in the range of $49.30 to $51 on all up spikes.
We are short from $55.57. In three days the stock is at $52.46. This profit should be protected here by either taking a partial gain or putting a stop on partial quantity at $52.76. Stop on the remaining quantity is at $53.16
The sizzle in Yum Brands (YUM) is overdone. We are now short from $55.57. Enthusiasm on China is not justified based on a forward look. Buying Yum here is like driving looking only in the rear view mirror. The stock is up over $4.00 after the earnings report. More details are available in the ZYX SHORT SELL CHANGE ALERTS. I will add to my short position if and when all six screens of the ZYX Change Method are satisfied.
We are adding to silver (SLV) short position right here. We are selling short front month futures at $45.30. For those not trading futures, the best way to take advantage of the top in silver is to short a closed end fund that trades at a premium to net asset value. When the silver fever breaks, this trade will not only benefit from falling silver prices but will doubly benefit from the shrinking of the premium. Details of the trading plan in this closed end fund are available at ZYX SHORT SELL CHANGE ALERTS
Tyco International (TYC) has run up on the rumors that Schneider of France will buy Tyco. The CEO of Schneider has just confirmed that he has no plans to buy Tyco. We have lightly scaled in a short sell of Tyco at $49.25. Details of our trading plan on Tyco are available at ZYX SHORT SELL CHANGE ALERTS. This trade satisfies all six screens of the ZYX Change Method.