Sabrient Select Opportunity Virtual Portfolio

Sell Short GDP

The market is acting weary, but recent pullbacks have been consistently met with bids. Nevertheless, I’d like to add another short to the virtual portfolio.

Not surprisingly, after leading the market during the recent market strength, small caps are leading to the downside today. With Energy scoring so poorly in our SectorCast model, and with crude oil inventories showing a surprising build today, let’s short one of the weaker small-cap energy stocks.

Goodrich Petroleum (GDP) is an independent oil & gas exploration & production company. It carries a STRONG SELL rating in the Sabrient Ratings Algorithm, and dismal Company Outlook Score of less than 1. I am adding it as a Short position to the Select Opportunity Virtual Portfolio at a price of $12.70.

I’ll place a mental stop at a closing price above the recent high around $13.60. 

Best Regards,