iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Scaled More Sniper Shorts

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Into the afternoon swoon, I scaled partial gains in my GM UNP shorts inside 12631. I consider these “sniper shorts” since they are liquid, not heavily-shorted stocks. So, I am essentially a lone wolf in shorting them and particularly prone to being squeezed violently.

I see bulls are trying to bounce us off the lows. Overall, there were some wild swings today but buyers are still having a hard time holding rallies.

Into the bell and next week, keep an eye on DNKN F SHW as fresh shorts on weakness.

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4 comments

  1. RaginCajun

    Well done brother. You are making this look easy.

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  2. RMCA

    Master Chess you are an inspiration. I did the same thing. Went 100% positions short! took the profits and exited until another day. Thanks for leading the way.

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