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As a contributor to the New Low Observer (http://www.newlowobserver.com/about-this-site), we intend to give new insights on a low risk approach to trading in dividend paying stocks for tax deferred accounts. The New Low Observer (http://www.newlowobserver.com/about-this-site) is not intended for... More
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  • Sell Electronic Arts And Symantec 0 comments
    May 13, 2013 4:04 AM | about stocks: EA, SYMC

    On our April 27, 2012 Nasdaq 100 Watch List, we highlighted Electronic Arts (NASDAQ:EA) and Symantec (NASDAQ:SYMC) as stocks of interest out of the 17 equities listed (found here). Now that both stocks have gained just under +50% in 13 months, we believe the value component has been taken out of these companies. In keeping with Dow's Theory of seeking fair profits and while there are still willing buyers, we recommend selling these stocks at the earliest opportunity.

    (click to enlarge)

    Electronic Arts achieved two of the three downside targets that we had while Symantec achieved two of the four downside targets. Anyone interested in maintaining positions in these stocks should consider selling the principal only.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: EA, SYMC
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