I’m really going to have to rename these occasional winners, because they are happening far too frequently. Anyway………EWZ short – - nailed the target. Your bikini zone is now clear.
The occasional winners just keep coming! Maybe there really is something to this charting stuff.
You’ll recall my touting Hercules Offshore as a great short. Well, in just a couple of weeks of time, it has fallen to its supporting trendline. I just covered at a very good profit. Huzzah!
Two months ago, I did this post titled Lululemon Starts to Crack. The stock was nearly $70 at the time. This morning, it is trading below $50, a loss of about 25% in a short amount of time. I think it’s got plenty farther to fall. I’ve put an arrow where the post came out.