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November 2008
You are browsing the archive for November 2008.
SHOO 8-7-07 to 1-14-08
SHOO was an excellent setup and a near perfect short. After an initial breakdown on low volume, SHOO tried to find some support on 8/6/07. However, the very next day on extremely strong volume with BOP going red again, the stock went higher intraday only to reverse hard and close in the lower portion of [...]
LVS 11-12-07 to 4-21-08
First off I want everyone to learn something from this trade. When you have big gains in short positions, never cover ALL of your short until it closes above the 50 day moving average on HUGE volume or closes above the 200 day moving average. To have a big gain and cover your full short [...]
GOOG 1-4-08 to 3-10-08
GOOG was a nice short but due to the low volume I was unable to “load up” and really make the short worth my while. However, the price rollover and breakdown, with the bear market starting, was a near-perfect short setup price wise. The stock subsequently fell 37% from my short to the ultimate low [...]
CBEY 1-7-08 to 3-10-08
CBEY was a great short but the huge gain in a short time was not expected. What is worse is that, once again, I mismanaged this one and instead of waiting for a HUGE volume surge over the 50 DMA and/or a move above the 200 DMA, I did cover with a move over the [...]
SIGM 2-19-08 to 4-15-08
SIGM was a fabulous short that was mismanaged by myself in this bear market. I should still be short and would have a 80%+ return at the lows in November from the time I first went short. However, I had to admit it was still very nice to be short a stock that managed to [...]
GRMN 1-8-08 to 4-30-08
I decided to start this series off with a recent winner from the start of our current downtrend. Why I want to start with this is to teach you how to not mismanage a short. This short in a short three months and two weeks returned a very impressive 49%. This was a nice return [...]
No New Short Positions For Monday’s Stock Market Session
With yet another low volume rally the market is getting ever closer to the indexes 50 day moving averages which might be the first line in the sand for this market. If the market fails around this level on higher volume, we will surely be putting money back to work on the short side. However, [...]
No New Long Positions For Monday’s Stock Market Session
Stocks rallied, once again, thus fulfilling my prediction of a week long rally on lower and lower volume each day. This should then lead to a failure around the 50 day moving averages in the indexes which should lead to future shorting opportunities. However, if a miracle has occurred and instead this is the first [...]
No New Long Positions For Friday’s Stock Market Session
Despite the exciting rally today, the extremely low volume left a lot to be concerned about. The indexes are getting very close to the 50 day moving averages that are in solid downtrends and this could act as short term resistance to this rally that is continuing to lose steam, via the volume, on each [...]
No New Short Positions For Friday’s Stock Market Session
With today’s amazingly bullish session on extremely low volume, it should be no surprise that not even two handfuls of stocks showed up in the main short scan. The stocks that did show up were nowhere near the quality of what a good short should be so it is best to just not force anything. [...]
