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Dark Horse Hedge – Time for Me to Fly, AEO
By Scott Brown at Sabrient, and Ilene, at Phil’s Stock World
I've been around for you
I've been up and down for you
But I just can't get any relief
I've swallowed my pride for you
I've lived and lied for you
But you still make me feel like a thiefI make you laugh and you make me cry
I believe it's time for me to fly
On Monday, October 4, we recommended readers purchase AEO following a stream of insider buying. Thursday, October 7 we found out why the insider’s were buying when AEO announced “American Eagle Outfitters Raises 3Q Forecast on Strong September Sales”. The result is that AEO has given us a 10%+ gain since Monday and so we believe it is Time for us to Fly.
Next week is option expiration week for the WDC calls and VECO Buy/Write recommended in the Dark Horse Hedge alerts on ….. Ilene and I will recommend strategy on rolling these options during the next week.
Sell AEO at the Market, Friday October 8, 2010
