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6 pts

Opinion on  Open Text Corp. (OTEX)     Sector: Technology  >  Industry: Software & Programming
SELL OTEX short term trade

May 01, 2008 01:28 PM GMT
Buffet_1_
Return Risk
-2.76% MID
Sr. Analyst

I am recommending shorting OTEX for today and see how it goes. This trade is for you swing traders only. OTEX had a good earnings report however it is looking a little toppy today. It seems overbought and is a great candidate for a quick trade today. You might also consider buying some put options today to increase your profit margin, rather than shorting the stock. I prefer the options myself on the short term trades. Good luck and remeber to place a stop loss when making this trade.

OTEX:  This call was made on 05/01/08 @ $37.9
Rating:   Negative   $37.9 (05/01/08)
Closed:   05/05/2008 @ $38.2 (-0.79% in 4 days)
Target:   $35.00 (-7.65%) in < two weeks


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