Monday, December 8, 2008

Recent Successes

  • Urban Outfitter's (URBN 20.68) support is $20.  A break below would warrant a sale of the position we'd taken at $13.76 on 11/20.
  • Broadcom (BRCM 15.46), a break above $15.62 would be positive and even more so above $16.
  • AutoNation (AN 10.16) has been very strong and hasn't taken a breath to allow another vest. It will run into trouble around $11.50-11.60.  I'm not identifying any point to get more  so, for now, just gotta' sit back, protect profits and watch.

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