CNQR (Concur Technologies Inc.) Dec.2 -Dec.23, 2013

This trade is now closed

Dec.23, 2013  10:32am

CNQR has not worked out as planned. There was significant buying pressure on Friday and there seems to be more buying going on this morning. We are going to Close our full position and move on to the next trade.

We are closing (buying back) our full position in CNQR at the market (currently trading at $99.12). 

Dec.3, 2013  9:35am

This is confirmation that CNQR did trade below $94.59 this morning and is officially an Open Trade.

 We are SHORT CNQR at $94.57.

 

Dec.2, 2013 11:17pm

CNQR gapped down on a negative earnings announcement on Nov.7th and has been trading sideways ever since. It slammed right into it's 20 day simple moving average and turned sharply negative. Several indicators we follow also turned sharply negative today, confirming our bearish outlook on this stock.

CNQR

Tomorrow, we plan to Short (Sell) CNQR if it trades below today's low of $94.59. 

 

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