Wednesday, January 16, 2008

Cover MA at 172.35


Today marks the 11th day in a row that MA has been down. Now that we are down 15 on the S&P in addition to yesterdays bloodbath, I think you should be covering the MA short position now at 172.35. It still could have more downside from here, possibly ending its downward spiral at its 200 sma, but this type intense pressure is likely to let up sometime leading to a pop in the stock.

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