10/12/2014 – Masco Corp.
- October 12, 2014
- Masco Corp.
Issued: 10/12/2014
Masco Corp., MAS:
1. In our previous (Thurs., Oct. 2) Williams edge stock meeting it was noted that a weekly close on Friday, Oct. 3 below $23.82 in Masco could be shorted for a decline to at/near $22.60 (or lower).
2. Masco closed the week at $23.66, below the $23.82 level and has since completed the forecast $22.60 downside target (and lower). Lower prices remain likely. Will update as market confirms.
David Williams
Issued: 10/08/2014
Masco Corp., MAS:
1. In our previous (Thurs., Oct. 2) Williams edge stock meeting it was noted that a weekly close on Friday, Oct. 3 below $23.82 in Masco could be shorted for a decline to at/near $22.60 (or lower).
2. Masco closed the week at $23.66, below the $23.82 level and has since declined to a session low (today, Wed., Oct. 8) at $22.75. Lower prices remain likely. Will update as the market further confirms.
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.