No New Short Positions For Friday

June 28, 2007

If you saw RIMM, after-hours today, you should understand why we are not shorting this market. This market still has way too many stocks in clear beautiful uptrends and for the second day in a row, out of over 200 stocks in my portfolios, NONE are giving me a complete sell signal. You do not have this kind of action in a market where shorting is the right play. Trust me, AFTER the market tops, we will have plenty of opportunities to make money on the short side. Right now, the right side is the bull side. Just ask those long RIMM INNO or CRNT.

If this was a bear market, WLL and MLHR would make good shorts.

WLL

MLHR

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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