Posted on July 10, 2023
The audio experts at JBL Inc. (NYSE:JBL) have been kind enough to sing us a profitable tune this week, orchestrated in the key of 2400%.
But before we get there, we have a single trade to close for a nice return.
It was our TR initiative, whose details can be found HERE.
In brief, we’re short a lot of TR stock with a breakeven at $35.79.
The stock closed Friday at $33.57.
So it’s time to close.
Buy it back (at the market) at the open, and you walk with $2.22 on nothing laid out.
Adjusted for minimal commissions gives you a return of 1380%.
And that’s a MAN-sized return, brother.
It ain’t meant for the abominators and trans-lucents!
We’re having a look at JBL’s fundamentals now, though there’s not a great deal to be seen here—
So there you have it.
Another would-be prize-fighter, punching for stardom, filled with guts and hope, and managed by Don King…
With kind regards,
Hugh L. O’Haynew