Shorting the market this year has been a sport reserved for the elites because, to be frank, the tape is up. That means although there’s a bear market out there, it’s lined with a more traps than an Indiana Jones expedition.
RaginCajun was courteous enough to highlight a PPT screen he is using to find intraday momentum pockets and I’m quick to get all manic about the potential on this one.
I’ve been watching all day as the list thinned out on the way down this morning, then, at the support I highlighted this morning where the market turned the corner, the list started building.
It was all over the nuclear move, and right now it has @tpain and me hunting shorts in GMCR.
Over the last hour I’ve watched one after another squeeze higher and you can see in the tape that it’s the tears of short sellers combusting and fueling the movement. The transient nature of these moves is fantastic for the run-and-gun lifestyle I live.
Thus, I’ll be committing more resources to this list and playing these moves.
But first, I must find my way out of a few big losers on my books…..developing…
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I sold GMCR pop today, so you can short now : ) I’m still holding under water FSLR though. What do you think FSLR ? Thanks!
JP, I think the momo has fizzeled and you’re in a stock that’s up over 50% YTD.
It doesn’t look like it’s on the downslope of momo mountain, but it looks like it could be in a meat grinder for a while.
Thanks Raul. Trade turns into investment, ha,ha… Wait and see !
I’m only invested in CREE, solar is a dog and pony show.
Then again I live in one of the least sunny places on earth!
Ha,ha, I live in one of the most sunny city : ) moved from the most gloomy city. By the way, did you mean “bullish” GMCR or “bearish”, I might took your “Hunting” wrong side. I’ll check CREE myself. Thanks.
There are many a short who don’t want to see $76 go by the wayside
Gentlemen, get ready to load up your shorts on YRCW. Dilution coming.