This morning Eagle Bulk Shipping (EGLE) broke through its upside stop and was sold +10%. If you have not already done so, you should sell EGLE ASAP.
Since EGLE was our send 10% win, by rule, we also sell the balance of our portfolio. At present our portfolio is up 1.35% and we shall continue to liquidate it through the day.
Sell EGLE $77.26 +10%
Sell Portfolio +1.35%
We have begun the process of selecting a new portfolio and anticipate a 12:00 noon market re-entry tomorrow (Wed.).
As always, please contact me with any questions.
Please stay tuned.