Here was the prior post on Sony but that was just a clarification of this post. Bottom line, I modeled this as a continued hold with 5% trailing stops. I don't give free trading advice but if I did I would say, tighten those stops up to 2%, expect a peak anytime now but could be as high as 34, and I expect that June will be no friend to SNE or any other retail stock or the stock markets in general. I think the consumer is melting down right now and that it is going to begin showing up in the numbers mid year.
Don't stray too far from UVXY. Oh that's right, I said that already.
Saturday, May 16, 2015
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