Short Position Updates: Apple Inc. (NASDAQ:AAPL), Tesla Motors Inc (NASDAQ:TSLA), Simon Property Group Inc (NYSE:SPG), and Wynn Resorts, Limited (NASDAQ:WYNN)
The last time the market was pressing resistance levels Stock Traders Daily made short recommendations on Apple Inc. (NASDAQ:AAPL) from $109, Tesla Motors Inc (NASDAQ:TSLA) from $254, Simon Property Group Inc (NYSE:SPG) from $206, and Wynn Resorts, Limited (NASDAQ:WYNN) from $99. So far they are working well.
Those short recommendations remain in place and our downside targets have not yet been hit, but we are also not a fan of chasing these stocks lower. Our price points were great and we are being patient.
However, with the market again pressing highs we are also preparing new short recommendations.
In the days ahead Stock Traders Daily expects to issue additional short recommendations not unlike what we have done with the four stocks mentioned above; these recommendations will be send to our subscribers, offered through Reuter’s and Zack’s institutional services, including First Call.