On September 15, I found ZUMZ to be oversold on MACD, MFI and RSI, recommending a buy on the stock and the November 15 calls.
By September 27, we were out of half with solid gains.
Today, as the stock appreciates higher in another delirious day, I’m recommending that you sell to close the second half of the call options, and the stock for a solid win.
We can always jump back in on pullbacks.
Here’s what we’re working on next…
America is still not prepared…
A recent cyber attack on Scottrade exposed up to 4.6 million of its online trading clients…
Yet, very little has been done to thwart the potential threat to investors and equity markets, even as 53% of the world’s exchanges have been hit at least once over the last year.
All the while, a single coordinated attack on Wall Street has the power to halt trading, or destroy the value of a single stock in a heartbeat.
Uncalculated, widespread losses could wipe out millions in stock valuations.
Your trading accounts could be sent to zero.
While the race is on to stop the potential threat, it’s only a matter of time. I’m looking at several undervalued stocks that could easily pop.
Congratulations on the win.
Ian L. Cooper
Rapid Retirement System