First Marblehead was on my swing short list on June 14 and June 15. I got tired of watching it just sit there so I removed it. It finally broke down this week and I was asked for an updated view:
just curious to see your view on FMD now that it’s rebounded….Still looks like there’s a lot of downside (at least to 32).
On the other hand, the weekly chart shows a spinning top this week.
Mike,
You were spot on with the short call! Good thing I sold my 400 shares at 37.70 on 6/23 for a 4 point gain. After that recent drop, I added another 400 long at a cost average of 35.1 (bought first block too early!).