One New Short Position And Two Shorts I Am Adding To My Existing Positions

August 29, 2007

The two largest shorts in my portfolios are BNI and ATI. They have both setup great short patterns, again, failing and reversing right at the 200 day moving averages. What makes both of these stocks better shorts than others is that they were clearly both old leaders of the rally off the 2002 lows. Second, both stocks are setting up and breaking down on heavy volume right at a key technical inflection point of the moving averages called a “death cross.” This is when the 50 day moving averages crosses down below the 200 day moving average with the stock trading below both averages. ATI and BNI should both be great shorts. Remember, don’t get crazy with these two. We are waiting to short the hell out of GOOG AAPL RIMM FWLT BIDU BCSI and the other parabolic big-cap tech/leading growth stocks.

new short position: FDX

FDX

adding to existing short positions: ATI BNI

ATI

BNI

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

Comments

RSS feed | Trackback URI

Comments »

No comments yet.

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong> in your comment.

Categories


    Past Big Winners Longs
    Listed By Year


Members Forums

Popular Tags

StraightStocks Authorized Contributor Best Way to Invest ExpertSeeking Alpha Certified FeedTheBull - Top Stock market and Finance SitesTIMlinks
Disclaimer: Big Wave Trading and all services provided herein are for educational purposes only. Nothing contained within this Web site should be interpreted as a recommendation to purchase, sell or hold a security. All visitors and subscribers should always do further research before making a final investment decision. All subscribers must read and agree to the terms and conditions within Big Wave Trading.com. Any questions or comments may be directed to admin (at) bigwavetrading.com.