Six New Short Positions And Six Stocks I Am Adding To My Existing Short Positions

November 26, 2007

There are three shorts that must be kept a bit smaller due to them being down so much already and that is WABC, WTNY and CINF. However, these have so much room to possibly fall that you shouldn’t be too worried about keeping them too small. It is really just something to be aware of. The other candidates have not had quite the selloff that those three have. But really it doesn’t matter. When you look at a weekly of all of these, you can clearly see that all of these have a long way to possibly fall before they find a bottom. They are all rolling over and breaking down on huge distribution. All of them. I am blessed in that I am very comfortable holding hundreds of positions but if you can’t trade them all just make sure you adhere to my cut losses on the ones you do choose.

new short positions: WR NHP ARE WABC CINF WTNY

WR is failing at the 200 day moving average and breaking down below the 50 day moving average, on strong volume. Cut your loss with a close above the 200 day moving average, if the stock does not move lower immediately.

NHP is failing and breaking down at the 50 and 200 day moving average, on strong volume. Cut your loss with a close above the 50 and 200 day moving average, if the stock does not move lower immediately.

ARE is breaking down below the November lows and failing near the 50 and 200 day moving average, on strong volume. Cut your loss with a close above the 200 day moving average, if the stock does not move lower immediately.

WABC is breaking down near the 50 and 200 day moving average and rolling over, on strong volume. Cut your loss with a close above the 50 and 200 day moving average, if the stock does not move lower immediately.

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

WTNY is failing and breaking down at the 50 day moving average, after a low volume rally, on very strong volume. Cut your loss with a close above the 50 day moving average, if the stock does not move lower immediately.

adding to existing short positions: MRH HMN NOC FII DB BEN

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

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

NOC is breaking down at the 50 day moving average, on very strong volume. Cut your loss with a close above the 50 day moving average, if the stock does not move lower immediately.

FII is breaking down below the 200 day moving average, right 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.

DB is failing at the 50 day moving average, on very strong volume. Cut your loss with a close above the 50 day moving average, if the stock does not move lower immediately.

BEN is breaking down at the “death crossing” 50 and 200 day moving average, closing at its LOD, on strong volume. Cut your first loss with a close above the 50 day moving average and your final loss with a close above the 200 day moving average, if the stock does not move lower immediately.