iBankCoin
Home / Tag Archives: short

Tag Archives: short

TIMBER! Watch out for the Blackberry trees!

With $AAPL restoring back to its darling status, who needs $BBRY?

I saw weakness in the $BBRY all morning and failed one short attempt; but when $BBRY breached the $16 level, that had to be the tell.  So I shorted $BBRY again.

Look at the 3m $BBRY chart below.  Did you see the waterfall price action?  I love waterfall price action when I’m trying to short; and I loathe waterfall price action when I’m long.

Take a look at that beautiful waterfall from the courtesy of $BBRY:

BBRY_3m

I guess rumor of $AAPL launching new iPhones in the summer isn’t helping the Blackberry trees…

My 2 cents.

Comments »

Barnes & Noble is not so noble anymore…

Not with Amazon breathing down their neck.

Look at the daily $BKS chart below:

BKS_daily

Price action took out the low of the inverted hammer (or shooting star) candlestick pattern from yesterday; in my book, that is a good short.

Did you see how two of the momentum indicators turned south?

I sold (short) a starter position on $BKS today with a stop above yesterday high.

My 2 cents.

 

 

Comments »