The CMTL Short Alert on 7/20
Comtech Telecommunications (CMTL) was down more than 30% yesterday (7/21).
The stock was hit hard by this bad news: http://blogs.barrons.com/techtraderdaily/2010/07/21/comtech-shrs-crumble-after-it-fails-to-win-army-contract/ Our system had a short alert issued on CMTL towards the end of day on 7/20 as can be seen from the chart below. The alert was issued as the dominant Black oscillator turned. There were all indications that the stock would have a downturn. But as you can see from the digits of the alert number, our automated strategy had an average profit of 2.3% over 3 trading days! The 30% was a nice gift for those who took that alert!
Chance meeting of fundamentals and technicals leading to profit.
We're definitely better off with the disciplined approach for reliable, repeatable profits from the oscillators and alerts than such windfalls.
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The stock was hit hard by this bad news: http://blogs.barrons.com/techtraderdaily/2010/07/21/comtech-shrs-crumble-after-it-fails-to-win-army-contract/ Our system had a short alert issued on CMTL towards the end of day on 7/20 as can be seen from the chart below. The alert was issued as the dominant Black oscillator turned. There were all indications that the stock would have a downturn. But as you can see from the digits of the alert number, our automated strategy had an average profit of 2.3% over 3 trading days! The 30% was a nice gift for those who took that alert!
Chance meeting of fundamentals and technicals leading to profit.
We're definitely better off with the disciplined approach for reliable, repeatable profits from the oscillators and alerts than such windfalls.
