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NFTRH+; A Medical Device Co. Short Setup

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

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Medical Device Co. WAT Doinks Target (Public)

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)