Open Text, (OTEX)

Discussion in 'Stocks' started by hughb, Aug 14, 2012.

  1. hughb


    My first note on this one is from the week ending July 27. The market had been moving up, but OTEX made a new 52 week low. Over the next couple of weeks it moved slightly up and then had a huge up day after reporting earnings. That huge spike up looked like a great entry point for a short, and I shorted it yesterday at 53.37. My stop is at 55.50.
  2. hughb


    Closed this one out at a loss on the 4th at 53.83, it wasn't acting right.