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Daily Long and Short Setup

Recs

1

April 29, 2011 – Comments (0) | RELATED TICKERS: VIP , CATY

Neither of the plays below do I have a position in yet, but I am closely watching VIP for a break at $14.61, which it is getting very close to hitting as of this writing. CATY (the short setup) has a lot of potential as well, I'm just not a huge fan of shorting anything in this market. But nonetheless, I want to give you two different trades on two different sides. Because who knows....maybe you are one of those looking at adding some short positions to your portfolio.

LONG: VimpelCom Ltd. (VIP)

SHORT: Cathay Bancorp (CATY)

 

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