|HSL / Newsletter / Track Record|
We recommended shortselling Fluor (FLR) on August 11, 1997 at 59-stop. On August 14 the sell-stop was activated and FLR quickly fell to 55. It then rallied to 59.125 before rolling over & "falling off a cliff." That means the most "heat" you took in the trade was 1/8th of a point or a microscopic 12 ½ cents.
Our 1st target of 51.50, again given at the time of the recommendation, was reached on October 23 (13% in just over 2 months—66% annualized).
As it turned out, FLR had more than just a "bounce." By not being g-r-e-e-d-y, we were able to capture essentially the entire meltdown and move onto the next opportunity—rather than riding FLR back up again, and watching our profits disappear.