Time to bail out of this casino stock.


I found it from CUE Finder (running on Metastock).

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The stock is down by a significant % today while the market went up.

Its industry is patchy.

Overvalued. Negative earnings growth.

Yesterday (Friday) it displayed a bearish Headwind and today it broke below Memory support trendline in daily. Weekly Thrust and Jump both were at extreme high from where a pullback is likely. It is reversing from Watermark resistance in both the weekly & daily - creating a false upside breakout.

Time to book profit in a long position if you have one. Will you consider shorting it?

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Did you bail out of $PENN based on my forum post? Or, even better, shorted it? And receive a 40%+ profit in two days?
I could do that using the CUE system.
1) I shared the short idea (or bailout idea two days ago).

2) Since then, the stock fell.

3) I took a bearish trade using Put Options that has given more than 40% profit by now.

I will make sure to book some profit from the trade.

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I booked at least a partial position at 80% profit in my $PEEN bearish trade that I suggested three days ago.

1) It was a CUE Breakout trade setup that also relied on the unique Headwind reversal signal that came at the very top.

2) By today the risk distance is covered if one traded with stock.

3) I had used the put options and closed enough lots to get my money back. I had bought the puts at 3.6 on 8th June and sold it at 6.5 today (11th June) - with a profit of 80%.

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Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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