GNC was recommended by Cabot Market Letter at $28.41 in Investment Digest issue 710, dated January 4, 2012. GNC closed yesterday at $36.87.
“Last week, the market had improved enough to turn its intermediate-term trend positive, but that signal has nearly been reversed due to the market’s decline last Thursday and today. ... With our Cabot Tides on the verge of switching back to bearish, we’re going to cut back a bit today.
“We’ll do that by taking partial profits in GNC Holdings, Inc. (GNC), selling one-third of our shares. [GNC is still in a] in longer-term uptrend, but [it has] also been acting abnormally during the past week. So we’ll book some profit by selling some.”
- Michael Cintolo, Cabot Market Letter, June 25, 2012