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Bearish Picks

5

Even though we seem to be well on our way to 12,750, there are several nice bearish setups out there.  Should we take a ‘dip’ tomorrow, I will be looking to the following to ‘bank coin‘ on the short side:

SYNTHETICS: Calgon Carbon - (CCC: 13.09 -5.01%)

CCC

RESTAURANTS: Chipotle - (CMG: 79.42 -3.98%)

CMG

SCIENCE & TECH.: FLIR Systems - (FLIR: 21.67 -3.86%)

flir

RETAIL: Volcom - (VLCM: 12.17 -4.70%)

VLCM

Posted by on Wednesday, March 26, 2008 at 1:30 am 
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Comments

5 Responses to “Bearish Picks”
  1. Gunners says:
    March 26, 2008 at 5:31 am

    what’s your top pick?

    Reply
  2. DPeezy says:
    March 26, 2008 at 6:20 am

    VLCM got a downgrade yesterday and it’s overbought. But its options are not so attractive.

    Also overbought are CMG and FLIR.

    I’d go in that order.

    Reply
  3. DPeezy says:
    March 26, 2008 at 6:38 am

    In with CMG 120. puts. Couldn’t find a nice limit entry for FLIR. Didn’t feel comfortable betting against CCC; and VLCM option volume sucks (not always the case).

    Also into PALM with a straddle at 5.

    Keeping an eye on UNP ($130), HOKU & GSIC (downtrends).

    Reply
  4. JakeGint says:
    March 26, 2008 at 6:48 am

    CCC is a good pick, I’ve been short that sucker before… back when Katrina hit, it’s main factory was under water, and the market didn’t even know about it for a couple of days.

    Heh.

    Reply
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