TRADE UPDATE: $UBSI

We are long UBSI at a price of $37.25. Our initial profit target is near $42 and our initial stop loss is near $35.25. We normally do not like to initiate new positions this close to earnings, which are about a week out, but we have been watching this stock and like the set up. Sometimes as a trader you need to make discretionary calls and be able to live with the results.

-CJ

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