Steve2 Elite    Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD  User Profile | This is a heads up for those of you trading Mark's new portfolio. One of the symbols that this portfolio has been actively trading is ARNC. The portfolio has recently closed 5 losing positions in this stock and currently has two open positions. ARNC is the company that sold the flammable aluminum cladding that was used on the UK apartment building that burned. This came to light a few days ago and the stock is taking a hit. Apparently, there is a lot of this cladding in use on high rise buildings in the UK. My guess is that ARNC's stock price, in the short term, will be driven mostly by negative press and the potential size of the liability they may face. While I'm not one to second guess OV's trade generation, I'm going to disable any OV long trades for ARNC for awhile until things shake out. BTW, the two ARNC positions that were opened this morning are up about 1% as the stock has recovered slightly or is being pull along with the general market strength today. Steve | |
