UPS: Should Have Covered Short Yesterday…And Waited

May 14, 2008 12:12 AM

UPS gapped lower yesterday. Once it became obvious that it would close above the open, it would have been wise to cover that short, and waited to see if the low would hold today. It was never challenged. I think the over all market is holding the stock here, but can’t argue. Yesterday’s low of $69.60 is key and you cannot be short here until that clears. I would have said short may other stocks, like AAPL, but haven’t as I know we have to get under 1383 to pressure the market. Until that happens, you will get head faked. Even so, I said to short UPS at $74.00, that was an easy $4 plus in a week. That’s a higher percentage gain than about 95% of all money managers this year, most likely. In ONE trade, in ONE week. And I called the short number days before it even hit it…. And people claim Santa doesn’t exist…

Written by Tom@StockBlade.com · Filed Under UPS | Leave a Comment

On April 24th: “UPS: Sell Here, $74 Is A Short”

May 10, 2008 10:08 AM

We posted on April 24th to sell UPS and if it went to $74 it would be a short. On May 2nd, it went to a high of $74.14. Currently, it is $70.29 and likely headed lower.

(Update: We also posted to cover that short at about $70.00 on 05/12, but I still believe lower is likely once $69.60 clears. $68.36 is must hold)

Written by Tom@StockBlade.com · Filed Under Current Trades, Recent Trades, UPS | Leave a Comment

Was Right On Both CHK and UPS, WLT Is Still An Avoid Here

April 26, 2008 7:48 AM

I said Thursday night that I did not believe we had seen the highs in CHK and that weakness should be bought. Up 5.6% on Friday. UPS only moved down .05 cents, but it did so in a reasonably big market rally. WLT is still and avoid as it needs to clear the high to be long up here and the stock seems somewhat overvalued anyhow. The stock is overvalued relative to CHK, and that is why I said if you want to be long the energy space, CHK was a better play here. CHK was up 5.6% while WLT was only up 3.74%. An extra 2% move by swapping out and going with CHK as I recommended.

Written by Tom@StockBlade.com · Filed Under CHK, UPS, WLT | Leave a Comment

UPS: Sell Here, $74 Is A Short

April 24, 2008 11:34 PM

Strength in UPS here should be sold, IMO. Besides the fact that energy prices may hurt their profits for a LONG time, the stock has to be clear $75.08 to be long up here. $74 would be a short with a hard stop above that and any strength should be sold here, IMO. It needs to hold $68.36 to the downside, so the stock appears to be a scalp near term, not a lot of room until something clears. But being long this stock up here is not wise.

Written by Tom@StockBlade.com · Filed Under UPS | 2 Comments

« Previous Page