ADDING TO ZAGG (ZAGG)
June 13, 2011
We are adding a 10% tranche to Zagg, Inc. (ZAGG) right here at $12.40. Updates are available on this position in real-time on the Real Time Feed of the ZYX Short Sell Change Alert.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
We are adding a 10% tranche to Zagg, Inc. (ZAGG) right here at $12.40. Updates are available on this position in real-time on the Real Time Feed of the ZYX Short Sell Change Alert.
We are taking partial profits on Silgan Holdings (SLGN) right here at $41.38 in the pre market. Silgan Holdings had run up on proposed acquisition of Graham Packaging Company (GRM). Our average short price on Silgan Holdings is near the top of the swing. A few minutes ago Graham Packaging Company received a competing buyout offer. Theoretically, it should be a win, win situation for us if Silgan Holdings raises its bid, the stock should go down. If Silgan Holdings fails in the acquisition because it does not raise its bid the
Texas Instruments (TXN) provided mid-quarter update after the close yesterday. First the stock swooned on lower projections but then bounced right back when Texas Instruments on the conference call stated that the short fall was due to Nokia (NOK). The analysis of the conference call shows that the business of Texas Instruments is stable. Texas Instruments can still beat estimates for the second half. We will provide an actionable signal on Texas Instruments in real-time on the ZYX Buy Change Alert when all six screens of the ZYX Change Method are met.
There were two immediate triggers to our McDonald’s (MCD) trade. First McDonald’s reported less than expected same store sales increase. Second in the premarket McDonald’s broke the support at $78.82, its 50 moving average. The macro picture is not favorable for a number of reasons. First McDonald’s is feeling the pinch of higher commodity costs, second McDonald’s is unable to increase prices to offset costs. Third the overall market has pulled back but McDonald’s shares are still near all time high. And fourth McDonald’s trades at 16 time forward earnings, which is a premium to
We are taking partial profits on McDonald’s (MCD) at $81.11.
We are lowering the stop zone on one-quarter of our McDonald’s Corp (MCD) position to $81.42 to $81.62
McDonald’s Corp (MCD) reported below expectation same store sales. McDonald’s opened lower. Now McDonald’s is undergoing a massive short squeeze. We will start scaling in shorts on the exhaustion of current upspike. Please use your technical indicators to determine the exhaustion. Suggested entry zone is $81.20 to $82.50. Stop zone $82.61 to $83.26. Obviously the higher the entry the better. Target zone is $78. to $79.26. Those not experienced in determining exhaustion of an upspike may consider attending one of our coaching seminars on the subject. There is a waiting list.
We are taking partial profits on Ulta Salon (ULTA) right here at $53.31.