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ICE about to melt?

I am going out on a limb right now and I am going to short ICE. This has been the hottest stock and has had a nice run up. This trade is strictly short term! My stop loss is at 167. The reason being is because it just got upgraded and I have seen this happen a lot. The stock gets upgraded, it pops up and the retraces. It looks like that is what it started to do today. Again this is a swing trade as i expect it to go higher within the year.



2 Responses to “ICE about to melt?”


By sean on February 22nd, 2007 at 6:17 pm

nice call.

By Joab on February 24th, 2007 at 8:49 am

Shorting it Monday a.m. as well for many technical reasons.

Cool blog btw.

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