Shorting
Stock Trade Update: Short Goldman Sachs (GS)
Updates (Monday, November 2, 2009): This trade on GS short was closed out on Friday at 172 for a 5 point gain when the alert was sent out to the subscribers. Today another email alert was sent out to short GS between 172-173 with some technical explanation as to why GS looks vulnerable on [...]
Stock Market At A Glance - Decline Continues…
Major indexes declines on much higher volume and leaders are being pounded left and right while the US dollar seems to be changing the trend here to the upside. This market is now showing major weakness signs and has either broken major support levels or is about to test one. A 10-12% correction followed by [...]
Stock Trade Update: Short Goldman Sachs (GS)
Finally I have decided to take a stab on the short side by shorting Goldman Sachs (GS) at 186.30 with a stop at 192.50. I expect GS to hit around 160-163 area pretty soon. This is just a small position keeping in mind that GS reports earnings on Thursday (10/15/2009) before market opens. If [...]
What If The Market Pullbacks 8-12%?
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As I try to understand and interpret the current market trend the big question on my mind is, what happens if we pullback 8-12% from here? After what I saw on Tuesday, that’s pretty much on the deck. I have a strong feeling that we pullback but [...]
3 Shorts Setup (CYOU, SNDA, ICE)
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I already tried to short Changyou.com (CYOU) and got stopped out for a small loss. I’ll try again to re-short this perfect setup and see if it really breaks in my favor this time.
Take a look at [...]
