posted
Ok so in this market, as chuck pointed out(and is plainly obvious) its easier to find dogs to short and ride down then find a golden pony. Chuck is looking for more day trades and I am not up early enough to do that. Sooooo this thread i made with the hopes of posting SHORTABLE crap stocks, preferably with volume, and even better if you are actually holding the stock itself. looking for swings of a week of so time frame. unless otherwise noted.
PLEASE POST WHY. random tickers, tick me offffff. logic in trading is a plus.... duh.
shorted holdings= SBUX mature market, overgrowth pains, lots of competition, no competitive moat, predictible downtrend.
C. housing credit debacle, cant see any significant upward volitility, have a stop just incase of credit rate news.
PHM, housing builder, chart has been really consistent down, not as great a business as DHI= more neg. volitility. good price for swings of 20%.
NOT currently holding but watching..... entire tech sector, but waiting for earnings, and a significant trend. and MAT. after lead debacle this xmas this stock is and may really be hurting for a while....
[ January 17, 2008, 05:53: Message edited by: Bob Frey ]
posted
chuck is another post-er, citi is tanking really fast and below my bollinger band so i sold today and will wait for re-entry. up 10% in 3 days...
phm and sbux are not doing so well but added to my phm short today .
I am looking for more banking stocks to short... preferably with earnings yet to be released. all the banks are really taking a beat down by this housing debacle. any picks would be greeeeaaaaat.
p.s. does anyone know when the fed is meeting to discuss rate cuts?
posted
well as of eod today pretty much everything is red. that i am watching at least.
stupid phm is not i guess. but is looking PRIME for a next weeek swing down. it has been consistently bouncing off the 50rsi and it is pushing against it today.
posted
"the donald", apparently, is looking for a 1.75 cut ..
note about the contrarian tag.. it's usually when everyone is shouting "OMG the bottom fell out! freefall, freefall, end of the world!" that one can be fairly confident is the lowest point.
but i don't think that's it yet
all the big banks announcing losses and cuts, to me it's a sign of the maturity of the debacle. but also a sign that they've got a cunning plan on how to make money out of all this all over again.
i think there's going to be a retracement, what not with all the loose money floating around now with so many people having sold.. but another depressing, spirit-crushing development has to unfold, a final sack-cruncher, and then perhaps the tune of recovery from that will tell if it's the bottom or not.
but it think for now, yeah, shorting stuff would be the way to move your paper portfolio up in the ranks. or make money
-------------------- the market is not your mother
IP: Logged |
posted
hotstocktrader, I am a intraday trader, trade mostly the five-minute chart. MY trades consist of comparing the premarket hours market to the previous day's close or low, Looking for gap of at least 5% between the two market hours.
I am only in a stock no more than one day. Most of the time. I am only in around 15 minutes through one hour.
I look for at least 10 cents on every share profit. This is not very much, but I trade at least 3000 shares every time I trade. So with that you're looking at $300 Profit.
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