Position Updates & Gauges For Trading on 7/14/2016

Mish Schneider | July 13, 2016

Existing Position: Long BBRY at 6.68 ATR.25 Name of Instrument: BlackBerry Ltd Current Price: 6.69 Reason for Trade: Not our first foray here but worth another probe as a bottom fishing trade after the confirmed reversal pattern on June 29, 2016. Now, our risk is on new lows giving it lots of room. Although the company has given up making the classic phone, it is well seeped in software making it a potential takeover target.

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