The Art of The Trade. Trade The Financial Markets With Confidence.
Time Warner (TWX) – Short @ $21.00 with a Stop @ $22.30 and a Target of $15.00
TWX gapped down over 25% last week. The stock has since traded back up to the 8ma. With the broad market due for a correction from the latest run I’m looking for Time Warner to fall to new lows.
Filed Under: Stocks to Watch
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I made an error on this trade when I said the stock gapped down 25% last week. I should’ve done a little more homework because the reason the stock gapped was because of a share split. I probably would have skipped the trade since my primary reasons for liking it in the first place was the fact that the stock appeared to be gapping to new lows. We’re trading close to our stop so we’ll see how it plays out.