05/21/2015 – UAL Continental holdings
UAL Continental holdings:
1. In the past several weeks it was noted and our Williams edge stock meetings that UAL Continental holdings was at a critical juncture and that any daily close below $61.05 on or around mid-May would indicate a drop to $54.80/$.70.
2. On Tues., May 19 UAL Continental holdings closed the day at $60.81, below $61.05 indicating new short entry for the above-noted decline.
3. UAL Continental holdings declined sharply and completed the $54.80/$.70 downside target with today’s low at $54.15, so far). This completes the trade. Will message any further entry or indication in UAL Continental holdings.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.