+22% profit; Bull vs Bear EFA vs PARL
PARL is getting dumped from the close last night…currently $5.00 and falling. Our Bull vs Bear Portfolio is benefiting nicely as the average rockets to +21%…..hold on….make that 22%. EFA has remained very strong against a very weak PARL, and one would consider taking profits on this kind of move. Weekly band support is at $4.44. It’s at the daily band support right now. Long is certainly wrong.
[…] On August 3 THIS POST detailed the Bull vs Bear pair of EFA long and PARL short. Today, 6 weeks later, the profit sits at +22.25%. You will recall that on August 11 PARL gapped down on high volume, and sent the pair profit to +22% that day. […]
portfolio management, online stock trading, IRA, bonds, investment management, mutual funds - September 17th, 2006 at 11:01 am