CLX: Clorox bleeding cash, structural short

26 сент. 2016 г.

I think this is a really good short setup. The company is bleeding cash, funding their huge dividend with debt, not complying with regulations regarding the usage of sustainable palm oil on their products and the technical chart shows an ideal entry against resistance here.
The entry is very tactical, a perfect technical setup, paired with bad fundamentals for this company, with only a 1% earnings yield, a 1.2% free cash flow yield, and falling free cash flow and after tax margins.

Good luck if taking it.

Ivan Labrie.

26 сент. 2016 г.

Заметка

80 cent profit from the entry already.

29 сент. 2016 г.

Заметка

Hold! You can move stops to entry if you want.

3 окт. 2016 г.

Заметка

Great.

3 окт. 2016 г.

Сделка закрыта вручную

Out for now.

3 окт. 2016 г.

Заметка

(@ 124.31)

5 окт. 2016 г.

Сделка активна

I reentered, but didn't get to update:

7 окт. 2016 г.

Заметка

Hold and add.

15 окт. 2016 г.

Заметка

8 нояб. 2016 г.

Сделка закрыта вручную

23 нояб. 2016 г.

Сделка активна

Reshorted at 115.96