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May 1, 2008


PetSmart Short Not a Dumb Idea

PETM, the freebie I gave out yesterday broke quite hard. It would be wise to move the initial protective stop to breakeven, making the trade a scratch at worst. MNST, the other freebie set-up, didn’t trigger. If you’re looking for sensible trading set-ups that offer decent risk/reward, subscribe today. If you’re looking for some sure-fire “system” that you can use to unthinkingly print money with, please DO NOT SUBSCRIBE.

petm

This entry was posted on Thursday, May 1st, 2008 at 8:18 am (utc+8) and is filed under The_Box.

2 Responses to “PetSmart Short Not a Dumb Idea”

  1. ben said:
    May 2nd, 2008 at 12:50 am

    This stock just reversed back through the break even price.

  2. C. Maoxian said:
    May 2nd, 2008 at 7:01 am

    ben: Yes, and that’s why they invented the breakeven stop. Scratch!

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