Wednesday, August 26, 2009

Possible Shorts

Looking at PCP and BNI for shorting opportunities. These stocks hit resistance areas and are looking to reverse.
PCP
Current Price $86.75
Stop $88.76
Target $81.00

BNI
Current Price $83.32
Stop $84.91
Target $79.00

Looking for entry today. I will probably use JAN 2010 ATM options.

I will update if I enter any positions.
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