Thursday, May 14, 2009

Update: Short HRB

HRB short has been held for a few weeks and has performed well.  Now it seems oversold and profits can be taken or stops tightened.

Sorry I did not do a chart on this previously, but this one looks like it could go away.  There really is no support in sight and earnings estimates have been revised downward weekly.

There is a low short-interest ratio, so not much worry about this getting away on a market rally.

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