Tuesday, 15 February 2011

Stock Sell: NTCT

I initiated a short position in NTCT today. I feel that this may be due for a pull-back, and after the run up of the 23 trend line, I think we could head back down there again. I will be playing this fairly tight if it doesn't pan out that way, with a stop above 26. Also analysts are very bullish on this stock with 8 strong buys.

Entry: 25.23
Target:22
Stop 26.50

PORTFOLIO
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