SPX was up huge yesterday, and small candle today. So looking for stocks weaker than SPX to short. Already am short some over-extended stocks in uptrend, strategy below is to short the weaker ones. Also some longs in individ stocks as posted earlier.
SHORT IDEAS
RRC maybe ready now, broke 5 day support, moderate volume, not too high
SCCO 3152, backtested up to 32 and now moving lower toward 30.
ECT 21.72 last....on break of 21.50,
RAVN down on hi vol, but short bounce only
RCII
LG but needs a bit lower, break 5 day support
H Hyatt investigate. HUGE volume: whats going on? news?
ATRC looks like a nice short, but safer with options puts on this $10 stock
WASH
TEVA 43.80 but may have support at 43.00. Below 43....could fall hard.
OMCL 14.61 puts, 14.00 first trgt, 1300 second trgt
IDCC
ONXX below yest lows
MOS on break of 5 day support
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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