Wednesday October 16, 2013 |
Hello MOJO Swing Trader,
Sorry to say ProTrader Mike should of had more patience with this stock. I called it at $5.03 and we sold for
break even What to do - what to do - really do not feel like chasing it here at $5.40 - just chalk it up as a lesson to be learned with more patience. Let's show this patience with ADAT!!!
Some of my one liners - must pay more attention too - - #1 RULE In Day Trading = THE TREND IS YOUR FRIEND
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#2 RULE In Day Trading = STOCKS IN MOTION STAY IN MOTION
- PATIENCE IS IT'S OWN REWARD
- A GOOD TRADER IS ALWAYS PATIENT
- A GOOD TRADER IS CONSTANTLY EVOLVING
Office Depot News:
The world has changed a lot since 1997, the year the Federal Trade
Commission blocked a merger between [strong style="font-weight: bold;"]Staples (NASDAQ:SPLS) and [strong style="font-weight: bold;"]Office Depot (
NYSE:ODP) over concerns about how the deal would affect competition in the office supply sector. Today, Bill Clinton is no longer in the White House (though some may wish he still was), Staples is the top office supply retailer, and the biggest threat to the office supply industry comes from digital and online.
Now, Office Depot is seeking a merger with [strong style="font-weight: bold;"]OfficeMax [strong style="font-weight: bold;"]Inc. (NYSE:OMX), and again, competition and costs are at the heart of the matter. Florida's Sun Sentinel
reported that Office Depot CEO Neil Austrian said questions raised by the FTC during merger discussions have pertained to pricing. Office Depot and OfficeMax, the No. 2 and No. 3 office supply retail chains in the country, respectively, are trying to prove that a merger is a logical way to increase competition with Staples. Signs of the merger look favorable, and stocks
for the companies rallied last week when the deal appeared to be gaining speed, according to MarketWatch
. But sales for both companies trail drastically behind office supply giant Staples. If the merger is approved, Staples would still out-earn the combined efforts of the two, raking in $25 billion compared to $18 billion for Office Depot and OfficeMax combined.
Look at this beautiful progression on ADAT: |
P.S. making video right now for you :)
Thanks for reading, and profitable trading! ProTrader Mike
email: info@mojodaytrading.com
Skype: protradermike
website:
http://www.mojodaytrading.com
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