Thursday, 18 October 2012

Mid-Day Trade Ideas. October 18, 2012

Bullish Idea:

Silver Wheaton : (SLW)

SLW is trying to breakout from long term trendline. The stock is on an up trend and silver prices have more room to run. Can be a long term holding as well.
Disclosure: I hold SLW.

Bearish Idea:

Abercrombie & Fitch (ANF):

An aberration in the fashion world, no one wearing clothes will miss anything if this company closes down. The stock is in a down trend. The short interest and put/call ratios are high which indicates pessimism about this stock. As the stock is in a downtrend, it can be considered as an affirmation of the negative sentiment.
Disclosure: No position.

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