SHORT ME TINA
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SHORT ME TINA
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Watchlist 2/29/16-3/4/16
GLUU-Glu Mobile Inc.
I remain long this stock and will hold it until it becomes weak from a technical perspective. Things played out last week in typical form. You had a 100% gain when the stock hit mid 4s in premarket on Friday and rightfully so, profit takers stepped in. If you bought in when I placed this stock on my watchlist 2 weeks ago, your gain was somewhere in the 35% range. Nothing wrong w/ taking profits.
Just remember what I said last week, this stock (fair or not) correlates with the success of its games and currently, Kendall and Kylie are falling off the charts in free downloads and grossing (USA).
FIT-Fitbit Inc.
Dead cat bounce? A long opportunity is shaping up based on technicals. Stock has been hammered since IPO’ing. Going from a high of 51.90 to hitting all time lows of 11.91 just last week. It currently trades at 12.15; I will initiate a long position if it can come down more.
SWHC- Smith & Wesson Holding Corporation
Stock is trading close to the upper channel of its ascending trend. 26-28 are key areas to pay close attention to. From a risk/reward perspective; a short looks more lucrative.
M- Macy's, Inc. (reminder play)
Gap is playing out like I suggested it may a few weeks prior. If I were to re-enter this trade; I would look to get in on a pullback in the low 40s area.
SGMS- Scientific Games Corporation
Stock soared and gained about 35% due to beating on revenue. Looking to short based on technicals.
As a reminder, ShortMeTina’s weekly watchlist released every Sunday look to pick stocks that can potentially provide 5-20% (sometimes more) return on your principle in a short period of time. By short, I mean, no more than a few weeks. For the most part, I close these trades after 2 weeks or when my percentage targets are hit. If you’re going to act on anything listed on my watchlist; please review my blogs for an understanding on how I view and approach the markets.
I remain long this stock and will hold it until it becomes weak from a technical perspective. Things played out last week in typical form. You had a 100% gain when the stock hit mid 4s in premarket on Friday and rightfully so, profit takers stepped in. If you bought in when I placed this stock on my watchlist 2 weeks ago, your gain was somewhere in the 35% range. Nothing wrong w/ taking profits.
Just remember what I said last week, this stock (fair or not) correlates with the success of its games and currently, Kendall and Kylie are falling off the charts in free downloads and grossing (USA).
FIT-Fitbit Inc.
Dead cat bounce? A long opportunity is shaping up based on technicals. Stock has been hammered since IPO’ing. Going from a high of 51.90 to hitting all time lows of 11.91 just last week. It currently trades at 12.15; I will initiate a long position if it can come down more.
SWHC- Smith & Wesson Holding Corporation
Stock is trading close to the upper channel of its ascending trend. 26-28 are key areas to pay close attention to. From a risk/reward perspective; a short looks more lucrative.
M- Macy's, Inc. (reminder play)
Gap is playing out like I suggested it may a few weeks prior. If I were to re-enter this trade; I would look to get in on a pullback in the low 40s area.
SGMS- Scientific Games Corporation
Stock soared and gained about 35% due to beating on revenue. Looking to short based on technicals.
As a reminder, ShortMeTina’s weekly watchlist released every Sunday look to pick stocks that can potentially provide 5-20% (sometimes more) return on your principle in a short period of time. By short, I mean, no more than a few weeks. For the most part, I close these trades after 2 weeks or when my percentage targets are hit. If you’re going to act on anything listed on my watchlist; please review my blogs for an understanding on how I view and approach the markets.
Don’t forget to follow ShortMeTina on StockTwits, Twitter, Facebook and Instagram.
Email me at tina@shortmetina.com with any questions.
Email me at tina@shortmetina.com with any questions.
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisors with respect to their investments. Author is long $GLUU.
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