STI initiates new short sell positions for Autodesk, LinkedIn, salesforce.com, and Adobe Systems in Equity Trades portfolio.
As explained in the December 29th issue of Smart Tech 50 Weekly Movers, we are initiating short sell positions for Autodesk (ADSK), LinkedIn LNKD), salesforce.com (CRM), and Adobe Systems (ADBE) in our Equity Trades portfolio based on their very low STR (Smart Tech Rating) scores. In fact, these are four of the ten lowest scoring stocks in our coverage universe, each with a suggested value of less than their current price. As we mentioned in the article, you don’t have to actually sell them short to profit from future declines. Instead, you can buy put options that go up in value when the price falls below your strike price (the price at which the option can be executed; e.g., you can make someone else buy that stock from you at that price).
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