Joined Jan 27, 2008
7,290 Blog Posts

GME: Short Idea

[[GME]] After viewing Danny’s post, I had to re-post the chart. This one looks ripe to take a dive.

If we do enter into a recession, do you honestly think people will be bidding up this stock?



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BWLD: Long Idea

[[BWLD]] reports next tuesday, and may get a push higher in anticipation of earnings. Hopefully you got in on my earlier post, but if you didn’t, watch for a break above the trendline.

Disclosure: I am long BWLD

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Classic ’08

Once again we have a classic scenario, as the bulls try to gain control after another move down. In my opinion, they just don’t have enough fire power, and won’t for a while.

For now, I will try to make a few quick trades to take advantage of the volatility. I purchased [[RIMM]] today as it has been beatin’ with an ugly stick, and plan on selling it into strength, maybe even tomorrow if we get a little rally. I also added [[CRM]] as a short position, because I believe in this environment, no stock deserves to trade at a P/E of 530.

It is a stock pickers market, if you don’t have what it takes, it may be best to give up trading for lent.

Note: Long/Short ideas later tonight, if you have any ideas, please feel free to place them in the comment section.

Check out today’s Chart Toppers

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