You already know how I feel about IntercontinentalExchange, Inc. [[ICE]]
20 day chart:
Take a look at Shanda Interactive Entertainment Ltd ADR [[SNDA]] , I like it below $50:
As of right now Wells Fargo & Company Wells Fargo & Company [[WFC]] displays a failed breakout, it looks a little extended, short on overall weakness (Disclaimer: I am short):
RC, what would be a reasonable target for ICE short?
If we get a breakdown in flag pattern, look for a move right down to 200 day MA
RC, shorted ICE this morning.
What do you look for in the break of the flag? I’ve got my channel on my chart, what do you look at? daily, 60 min candle to break below lower channel? how about if it breaks below 90, would that confirm it? thanks!
just updated post with 20 day chart, we are looking for a break in channel with volume to confirm breakdown.
SNDA is ripe for a short – Nice catch my man.
Zmooze,
PCBC pimp
Is it me or ICE is a pain.
Rc are you in?
it is a pain, I covered, noted in PPT
RC
I have several “4 star” short picks:
SLF NICE RHT TIE FSLR ANAD (5 STAR), TCK TG.
i’ll be shorting these today.