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Another short: ELY

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Another short: ELY

Post by Admin on Fri Jul 25, 2008 9:56 am

Hey everyone!! Just running my scans and found a pretty good stock to short. ELY had a recent break out from a long term trend line. It is running into HUGE resistance at the 14.00 area, and is impractical to think it will break the resistance easily. Also, it has a very nice bearish dark cloud cover for a previous candle. Heres what I am thinking about doing...

Short at 13.91
Target at 11.00
SL at 14.50
RRR at 5/1
and my profit potential is around $500

Keep this stock on your watch list!

Thanks,
admin

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Re: Another short: ELY

Post by MANiac on Mon Jul 28, 2008 11:38 am

Nice pick on ELY admin!! I have put a little bit of money into that stock as well!

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Re: Another short: ELY

Post by Admin on Mon Jul 28, 2008 11:42 am

Thanks MANiac!!

ELY is still looking good, and I am still in it. It is currently trading at 13.21.

Target still at 11.00
SL has now moved to 13.76

I will keep everyone updated as to what i am doing.

admin

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