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Dark Horse Hedge: BOOM! take profits and run

By Ilene
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DARK HORSE HEDGE: BOOM! take profits and run

LAS VEGAS - FEBRUARY 14: Clouds of smoke rise after the eight-story, 166-room tower of the Bourbon Street Hotel & Casino was imploded early February 14, 2006 in Las Vegas, Nevada. Harrah's Entertainment, Inc. purchased the property last year for future development but has not decided what will be done with the site. (Photo by Ethan Miller/Getty Images)

By Scott at Sabrient and Ilene at Phil’s Stock World

Buy to cover Dynamic Materials Corp (BOOM) at the Market, Friday July 30, 2010

In the spirit of "second verse, same as the first" Dark Horse Hedge will take advantage of the less than well received earnings report from BOOM after Thursday’s close to cover the SHORT position taken on 7/23/10 at $16.15.

BOOM is down over 9% for the day and we will replace BOOM with another short during the day as we monitor the market’s activity.

Check back. 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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