On the 7th of September in the weekly video market review we looked at 4 short signals, CPU, QAN, ORI and FLT.
All four short trades have performed very well, although a question mark remains over ORI following the markets positive response to Friday’s earnings update.
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Flight Centre has now sold off over 20% from our algorithm short signal, which was triggered in late August. The rapid sell-off last week in FLT was caused by the company downgrading their earnings guidance. We take this as an opportunity to cover the short position.
