Below is a brief note from CEO Keith McCullough on why we're removing O'Reilly Auto Parts (ORLY) from the long side of Investing Ideas today:
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"On this morning's +2.0% ORLY bounce I'm going to book the loss. Market conditions have changed (my SPY signal went to Bearish @Hedgeye TREND last week). They call for risk managing losers on the long side, not riding them." |
