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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Denny Crane Style

chessNwine Fri Sep 5, 2014 10:21am EST 3 Comments

3-nimmo-19-13_05_21

I took off a piece of my PCLN short, discussed on this blog (videos) and announced inside the 12631 Trading Service this week.

I went short at 1,241.36 and took some off at $1,203.52. I have a small piece left on as a runner.

As I write this, I see the stock continuing to get hit.

This is a marquee, leading issue, which has now broken down below its 200-day moving average, not to mention prior lows from the summer.

More on this later.

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PCLN

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3 comments

  1. dazedflip
    dazedflip
    September 5, 2014 at 10:24 am

    A couple of the big dogs are lower this morning. Wondering if this could be a sign of something to come. Check out that IBB today.

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  2. chessNwine
    chessNwine
    September 5, 2014 at 10:41 am

    Covered final piece of $PCLN SHORT @ $1,189.99 from $1,241.36 entry to lock in the rest of the win and take advantage of this sharp sell-off. Will seek to re-short it next week.

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