Catching Up on a Few Trades
After a week on the slopes in beautiful Colorado, it's great to be home again. Let's update some trades, close a position and add to another one as we try to put a strong finish on the first quarter.
Last week, we stepped into two sporting goods names, one with gusto and one with an abundance of caution. We took a full long position in Cabela's (CAB) as it broke above $53 last week and now the stock is trading above $60 after the company announced that it would beat analysts' earnings estimates for the first quarter. The stock bounced off $53 support Monday (arrows), a testament to the importance of that level. That's what I call instant gratification....364 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.