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In33muney

Too far too fast

Short
Procter & Gamble Company (The) (NYSE:PG)  
In33muney Updated   
NYSE:PG   Procter & Gamble Company (The)
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
Put spreads on this one. I should have done so on Friday.
Trade active:
Trading at 30x forward sales = yikes.
Aug exp 110 - 97.5 put spreads
Comment:
Correction $PG @ 23x earnings still pretty high valuation
Comment:
The stock gets upgraded today by GS with a PT of $125. This idea is a bust at least in the short term
Trade closed: stop reached
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