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Last Update: 6.7.13

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6.3.13 Monday

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Entered Short Positions @ $154.17

Mini double top confirmed by breaking the neckline last Friday and now trading below 10EMA. Today with small bounce, it’s a great opportunity to short which will give me great risk/reward ratio. Also if you take a look at your weekly chart you will find that we have weekly evening star reversal pattern at the top which suggests, this is the level we could see this stock falling down to about $145 level.

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6.5.13 Wednesday

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TANKED

Nice bearish run today.  Looks like we are going to fill the gap tomorrow and 50EMA to watch. Target still remains at $145.00.

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6.7.13 Friday

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All Stopped Out @ $154.01

I guess I could’ve taken some profits few days ago. Did not expected the gap up today and all out for now.