The Daily Breakdown: GES
This evening’s installment brings us a high-flyer who is begging to be relegated to thrift store status. While the bulls were able to push this just pennies above the 200 day average, do notĂ‚Â give their late-day bravado any credit.
Ă‚Â 
Ă‚Â ”C’mon, smack me around like the bitch I am. Strangle me with this rope; shove the bandanna in my mouth, and take me down 20 points.” Yes, even their spokesman is asking for a beating.
GES is at the edge of a precipice. As it has strong earnings and international exposure, it pays to be cautious. However, should this teeter much longer below its major moving averages, it will be game over. Even a strong earnings report and raised guidance could not push it above the 50 day average, so anywhere above that point makes a good place for a stop.
As you ponder this trade, consider that this is one of those stocks that has doubled many times over, and split, without a major correction. If it goes over the precipice, there will be years’ worth of holders who will be considering liquidation.
FD: I slapped their spokesman around today when it broke $46.00.
I’m pondering the fact that you are strangely attracted to this guy and yet want to play sexy “beat up” games with him.
It’s fairly gay.
Did you get back in AKAM, btw?
Wood,
Update your portfolio please. I like to see what you are trading during the day.
Newequity- I need to update badly. Sorry. Even though I know you want to use me as your contrary bitch.
Jake, something about AKAM seems not right to me. I will not short it again.
I did buy Jan 52 puts for the Qs though.
You’re a homo.
What Fly said.
Ya’ll are all in the closet.
I said nothing remotely near anything homoerotic.
Anyone notice GES down 4% this morning.
I thought so.
I shorted at the open.
Woody,
I like this call a lot. I’d like it even more if it had more downside volume on the weekly chart.
Once it gets more downside volume (especially on a break of that 50-day) I’ll slap it too.
-DT
Shed,
What do you think about a long AEO short GES play?
Cheese- while AEO may be forming a double-bottom, it is not complete yet. I’d rather short AEO than go long it, as its trend is definitely down.