Daeubner: conwert - sell it now! (or buy it later)

Unfortunately, there is no easy way to short conwert stocks. If there were CFDs or Put-Options available, conwert would surely make for a great short-play right now. But the stock is too illiquid to be easily shortable. So this advice goes out to all the investors who are sure this stock will overcome even the last resistance level. If conwert manages to break out, which might happen this or next week, then the stock has potential to rise up to €12. But for now the resistance could prove to be too strong and the stock might fall back into the trading range. What to do?

If you currently are a invested, you should lock in the profits and hope for a false break (so you can buy it back for a cheaper price later on) - or you trail your stop really close, so to make sure that if the stock breaks away that you are on board early - but still manage to have locked in some gains in case the resistance proved to strong. If you are not invested in conwert yet, but find a way to short the stock: do it! Otherwise, we´ll have to wait and see if the momentum is strong enough to break this major resistance level now! Created for http://www.stocks-express.com