Tools For Spotting A Bottom In A Declining Stock – CNR Stock – June 16 2015

As members are aware, I have been trading in CNR Stock using the Milking The Cows Strategy this year. You can review the Milking The Cows Strategy here. I explained a few months ago that I was expecting CNR Stock to work it way down to the $72 level before trying to bottom from the recent downturn. The downturn in the transportation sector started in late February and has been steady since then.

Closing June $80 Puts

Back on March 23 I bought 4 put contracts of the June 19 expiry at the $80 put strike for $2.03. Today as we enter the expiry week for these puts I sold my puts for $6.70. I will  ….. the rest of this article is for FullyInformed Canada members.

Part of the ease with which I trade through selling options is the ability to spot trends in a stock, both up and down. This CNR stock strategy article is 1400 words in length and will require 4 pages if printed. It looks at the 4 tools I use to assist in timing when a bottom may be reached in a sell-off of a stock.

CNR Stock (CNR) – Tools For Spotting A Bottom In A Declining Stock

FullyInformed Canada Members can review the latest CNR Stock trade update and strategy discussion directly through this link or they can sign in to the full Canada members site here. Non-members can join here or read about the benefits of being a member.


Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.

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