Tuesday, April 21, 2009

Now Short Aeropostale - ARO

I am prepared to get involved with Aeropostale, ticker ARO, on the short side. We seem to be bumping up against this well defined channel on the daily chart (above) that has reinvigorated the bulls and crushed the bears.

I am getting short 1 unit of this purveyor of overpriced teenager garb here at $29.95 with a stop at $31.41

Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Ultrashort Real Estate ticker SRS @ $27.05 stop @ $25.24
Short 1 unit Autozone ticker AZO @ 164.05 stop @ $167.11
Short 1 unit Amazon ticker AMZN @ $78.70 stop @ $80.31
Short 1 unit Aeropostale ticker ARO @ $29.85 stop @ $31.41

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