We caught a big winner in Notable Calls Network (NCN) this morning - Sears Holdings (NASDAQ:SHLD)
The retailer has been on our radar ever since that Imperial Capital "Sell" call on Dec 9, followed by a significant earnings warning on Dec 27. More recently on Jan 12 commercial financing outfit CIT Group announced halting loans to Sears suppliers, which caused another morning gap-down in the stock.
Plenty of 10% moves up & down.
- Around 09:32 AM ET a senior member of NCN pinged me with the following:
SHLD: +CIT Said to Be Approving Orders for Sears
http://www.wwd.com/retail-news/financial/cit-said-to-be-approving-orders-for-sears-5523527#
(stock sold off big on CIT news removing them before)
Needless to say, this was material new information. Getting it out there to other NCN members was of utmost importance.
The stock had been on bounce/squeeze mode for days and this would only add fuel to the fire.
As you can see from the chart below a 3pt gain was to be had in the next 10-15 minutes.
The retailer has been on our radar ever since that Imperial Capital "Sell" call on Dec 9, followed by a significant earnings warning on Dec 27. More recently on Jan 12 commercial financing outfit CIT Group announced halting loans to Sears suppliers, which caused another morning gap-down in the stock.
Plenty of 10% moves up & down.
- Around 09:32 AM ET a senior member of NCN pinged me with the following:
SHLD: +CIT Said to Be Approving Orders for Sears
http://www.wwd.com/retail-news/financial/cit-said-to-be-approving-orders-for-sears-5523527#
(stock sold off big on CIT news removing them before)
Needless to say, this was material new information. Getting it out there to other NCN members was of utmost importance.
The stock had been on bounce/squeeze mode for days and this would only add fuel to the fire.
As you can see from the chart below a 3pt gain was to be had in the next 10-15 minutes.
This is how Notable Calls Network (NCN) works - sharing the flow. We catch them every day.
Want to be part of NCN?
It's easy. Just shoot me a brief email that includes a short description of yourself and your AOL nickname.
Please do note that contacts via IM are limited to people with:
- 3+ years of trading experience
- Access to quality research/analyst commentary
- Ability to generate and share (intraday) trading calls
I will not accept contacts from purely technically oriented traders, penny stock fans or people who have less than 3 years of experience in the field.
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