2:30pm (EST)

We normally don’t like to open new trades on a Friday but there is one stock on our Watch List that continues to look like a great short and shares have just fallen below $35.  Our 6-12 month target for this overvalued, overrated stock is $20.  This means we are buying put options.

Subscribers, check the Members Area for the NEW TRADE!

The market is coming down off its highs as the Nasdaq is up by only 2 points to 3,007 but have slipped in negative territory.  We would love to see a final hour selloff!