In the airport today on the way to a conference but had to post the good movement in my two picks that happened today.
As you can read below I bet against Office Depot a few weeks ago after the stock jumped on news of a fancy new investor coming in to buy the stock. It seems that people are waiting to see off this guy knows something the rest of us don't. This stock is a dog. No number of new investors can change that. This may turn out to be a longer term trade than I initially intended but I'll wait it out. ODP Is on a multi year downward trend with a strong resistance that hasn't been broken in 3 years. long term this stock is going down.
BBBY on the other hand has been recovering from it's big drop a few weeks ago. Option is up 20% today and gaining nicely. Expecting this one to keep climbing for a while. Lots of room to move.
That's all for now.
Thanks for reading!
Straight from the Chart
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