Two New Short Positions For Friday’s Market

October 25, 2007

Neither of these shorts are good enough to be worth large positions. Like I keep saying, every time I take a short, these will be very small shorts and well under 1% of my total accounts. The markets are continuing to have bullish intraday outcomes and some indexes like the Nasdaq 100 and IBD 100 are still hitting new highs. So shorting is still not my preferred way of making money. Especially since I am finding so few FAF, COH, and SHOO’s compared to BA’s and AXP’s. The first three make plenty of money to cover the losses but the odds are still more shorts failing than working. Since it is still almost every 3 longs working for every one that fails, the long side will continue to be the favored side. Keep these small.

new short positions: TEO MSM

TEO is breaking down through the 200 day moving average after breaking down below the 50 day moving average, on very strong volume. Cut your first loss with a close above the 200 day moving average and your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.

teo1025__Large_.PNG

MSM is failing the 200 day moving average after breaking down below the 50 day moving average two weeks ago, on very strong volume. Cut your first loss with a close above the 200 day moving average and your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.

msm1025__Large_.PNG

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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