Go Long MENT, Short TIE
by Ryan Mallory | November 23, 2010 11:01 am
The market continues to trend lower. There have been some patches of buying along the way, but so far, the bias continues to point down. Currently, we are trading below the 1,183 level on the S&P 500, which I believe adds to the possibility that this market may have further to fall.
I’ve jumped in both of the trades below:
Long: Mentor Graphics Corporation (NASDAQ: MENT[1]) at $11.05
Short: Titanium Metals Corporation (NYSE: TIE[2]) at $17.14
The SharePlanner Swing-Trading System is a proven trading strategy that has outpaced all the major indices with an 8-year return of over 1,010%. This year alone it is up 29%, with 64% of the stock picks being winners. It’s an easy trading system that requires very little effort after you buy the stock and great for those who can’t watch the market all the time! Find out more by visiting SharePlanner.com[3].
- MENT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MENT
- TIE: http://studio-5.financialcontent.com/investplace/quote?Symbol=TIE
- SharePlanner.com: https://www.shareplanner.com/trading-system/swing-trading-system-long-setups/trading-statistics.html
Source URL: https://investorplace.com/2010/11/go-long-ment-short-tie/