SYMC – New algorithmic trade signal on Symantec Corp (NASD)

Update 10/24:  Disastrous earnings overnight from Symantec has exited us from the trade at a loss.


On October 3rd we posted that our algorithms exited all positions and rolled into cash.  This happened just before the start of the current market turmoil as a result of the news out of Washington.   While the subscriber portfolio capitalized on the volatility, we tweeted a warning the next day to all our followers:

Our computers just finished analyzing over 700 #stocks and nearly all are bearish..choose wisely $QQQ $SPY $IWM 

As we’ve said before, we don’t particularly like going short, but short were the only opportunities that our algorithms were picking up.  It has taken nearly 7 trading days for markets to resolve themselves, and we are only now starting to see algorithmic opportunities to go long.

Our algorithm picked up a buy signal on Symantec Corp (NASD:SYMC) based on a trading pattern going back to the beginning of March this year, and went long at market open.

 Check our blog for a complete list of open and closed picks and our performance to date.


 Track the performance of this trade on our blog.

The content contained in this blog represents the opinions of the authors who may or may not hold long or short positions in securities of various companies discussed in the blog based upon the authors' views. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied solely upon in making investment decisions, ever. It is intended for the entertainment of the reader, and the authors. In particular this blog is not directed for investment purposes at US Persons.
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