Risk management is always a component of any successful trading strategy. In the technical strategy used here, for some previous short positions a Buy to Cover signal has been triggered on the following stocks:
- General Electric, Buy to cover at $20
- Pfizer, Buy to cover at $22.61
- Gilead Sciences, Buy to cover at $50.29
Even though Eldorado Gold and SNC Lavalin have recently been getting stronger, they still haven’t been able to confirm an uptrend.
Below is the weekly update on the positions taken so far
| Buy | Sell | Short | Buy to Cover | June 15 | Gain/Loss | |||||
| US | Date | Date | Date | Date | ||||||
| Google Inc | 5/4 | $596.00 | $564.46 | 5.59% | ||||||
| Sirius XM Radio Inc | 5/4 | $2.16 | $1.85 | 16.76% | ||||||
| Cisco Systems, Inc. | 5/4 | $19.12 | $17.09 | 11.88% | ||||||
| Oil Crude (Sweet) | 5/4 | $98.49 | $84.03 | 17.21% | ||||||
| JPMorgan Chase &Co | 5/11 | $36.96 | $35.03 | 5.51% | ||||||
| General Electric Co. | 5/11 | $19.01 | $20.00 | -4.95% | ||||||
| Avon Products, Inc. | 5/11 | $20.19 | $15.79 | 27.87% | ||||||
| Pfizer, Inc. | 5/25 | $22.13 | $22.61 | -2.12% | ||||||
| Sprint Nextel Corp. | 5/25 | $2.62 | $3.09 | 17.94% | ||||||
| Gap Inc. | 6/1 | $25.26 | $26.73 | -5.50% | ||||||
| Gilead Science Inc. | 6/1 | $48.67 | $50.26 | -3.16% | ||||||
| CANADIAN | ||||||||||
| Royal Bank of Canada | 5/4 | $54.96 | $51.24 | 7.26% | ||||||
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