GILD Up Today; Still Short Sale
GILD was up on Tuesday Jan. 20 however, I think the stock is still a viable short candidate here. The price has been “wedging” up and looks vulnerable to a sell off by next week. Stock is running into significant overhead supply. It sports a minuscule RS rating of only 16 (out of 1-99; 99 [...]
Potential Long-Term Top
GILD looks like it is in the process of putting in a long-term top. I’m short the stock at $46.00; looking for a break below $42.61, then I will decide to get aggressively short or just take the profit. -Mark Minervini
Understanding a Short Sale
A short sale is a sale that aids individuals that are nearing foreclosure by the lending company accepting less than the amount owed on the loan. This process can and does help those that are willing to negotiate with the lending company, however, the lending company, bank, or Mortgage Company has to agree to this [...]