SSS - CRM Possible Late-Stage Failed-Base Set-Up - Chart Mark-Up
Below is a chart mark-up detailing how we view the possible late-stage failed-base (LSFB) short-sale set-up in CRM. Note that this is similar to LVS, and we would use the 50-day (blue) and 65-day exponential (black) as our references both for a stop and to gauge how far today's rallies could carry - however they are looking fairly weak this morning. Remember to use strict stops on any short-sale positions, and do not allow any positions to get "out of control." Layer positions into rallies, and be prepared to cover and then look to re-enter again if necessary in order to manage risk. For disclosure purposes, we have a position here as well.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.