It has been a pretty good day today, and quite a change from yesterday, where despite the initial market decline, not a single one of my short positions were working for me (weird, I know). However, today they are all working in textbook fashion. And Signet Jewelers (SIG) which i was down about -2.5% at the close dropped like a rock today off of industry-wide earnings reports that were dismal at best, as a result I was able to sell that position today at $42.44 from $46.33 for a 8.4% gain. I still remain short ATVI, VCRX and JCI. You can see the details on those trades here.
I’ve also added one new short position in Compuware (CPWR at $9.05. My chart for it is below as well as two other setups.
SHORT: Compuware (CPWR)
SHORT: Amylin Pharmaceuticals (AMLN)
SHORT: Sturm Ruger (RGR)
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