rjm77me's Blog : MYL - Break out above 52 week high Personal Buy

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PS The views expressed are just my own as an individual trader.

MYL reported great earning numbers today. It rewarded the stock holders with nice gain. It has been beating the numbers for last 2 years. I just added to my buy list. this trade can return 5 to 7% in next 3 to 5 days. One must place a stop loss half way between todays gap or you can pick a number based your own trading. I will use 19.71 was a stop loss number and try to buy at 20.51. Stock closed at 20.70 and expect slight pull back in first 20 minutes of trading where existing stock holders book their profit.

It has high short ratio - which means it will take 5 to 7 days to cover the shares sold short. 3 days short interest was covered today.

The info from yahoo finance is below for quick reference
Shares Outstanding5: 305.58M
Float: 298.44M
% Held by Insiders1: 14.44%
% Held by Institutions1: 92.40%
Shares Short (as of 29-Jan-10)3: 74.70M
Short Ratio (as of 29-Jan-10)3: 11.7
Short % of Float (as of 29-Jan-10)3: 25.10%
Shares Short (prior month)3: 72.4