I initiated shorts on a couple of device companies yesterday, WAT & VAR. Of the two, WAT has the better (or should I say worse?) looking chart. Ref. a post from Tuesday noting the general over-valuation (in my opinion, at least) of this sector, which is a fundamentally stable one through economic cycles. As to the chart, WAT gapped down through the SMA 50 and … Continue reading NFTRH+; A Medical Device Co. Short Setup
With all due respect for targets not being stop signs, we note that Waters has hit its target today after being highlighted close to a month ago and testing me with some earnings volatility along the way. I took the profit on Friday, just a hair below the 150 target, which is being exceeded today. I had increased the position on the post-earnings downside (and … Continue reading Medical Device Co. WAT Doinks Target (Public)
Yes it is; anything is possible and fair in this casino. But I had to laugh when I saw NFTRH+ pick, WAT, surge just about to its target of 150 and then get smashed right back down again. It reminds me of fellow NFTRH+ pick IBM, which went up on earnings, down hard on earnings and then way up again. I only hope WAT is … Continue reading Waters Corp… Hey, Now That’s Not Fair!