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6 pts

Opinion on  Navios Maritime Holdings Inc. (NM)
Bullish on NM ...

Aug 16, 2008 02:21 PM UTC
Foto
Return Risk
-26.88% HIGH
Principal

I closed a one week trade for a 1.6% gain before commission during the past week. I exited the trade just ahead of an earnings announcement. The stock has been channeling since the beginning of the year and I am watching it to see whether it will retreat to support around $8.50 and turn back up as I suspect it may. If so, I will be considering a bullish entry once again.

NM:  This call was made on 08/16/08 @ $9.7
Rating:   Positive   $9.7 (08/16/08)
Gain/Loss:   -61.63% in 145 days
Allocation:   0.0% of portfolio


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