I continue to believe that the big money will be made on the short side over the next few months so I’ll focus on these trades more often. Today’s trade of the day is a short opportunity in Centurytel (CTL), a stock that took out support of the 200 day moving average with record volume on Thursday and Friday of last week but has been getting bounce, returning to test what is new resistance at the 200 day moving average. This retest offers a nice short entry between 45 and 46.
Disclaimer: I have initiated short trade in CTL today.
More on this topic
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Is the Jindal Rs 42000 crore Coal to Liquild project in Orissa wasteful just like the Tata-Sasol ...
(Green World Investor, 7/12/10)
Mesirow Forms CTL Lending Group
(Net Lease News, 7/26/10)
Is the Coal to Liquid (CTL) Tata-Sasol $10 Billion Plant an appropriate use of India’s resources?
(Green World Investor, 6/2/10)
Credit Tenant Leases: The Phoenix Rises
(Net Lease News, 7/26/10)
Filed under Stock Trade of the Day by Tate Dwinnell
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