3SOF

I'm gonna try posting short picks in this thread.   >:D  Lets see how they pan out.  Feel free to add on, comment, question whatever  8) its all cool.

*note: 
my picks are completely technical chart based shorting, no news or story or earnings research, the only thing I watch is that <20% of float is shorted:
(http://www.shortpicks.com/short_interest_01.asp)
and the stock is not on hard to borrow list:
(http://www.shortpicks.com/hardtoborrow.asp)
*also I try to pick only NASDAQ stocks

Here we go.  Down to the ground.  >:D >:D >:D

ALGN - descending triangle

I'll watch your short picks with interest. I'm not a great shorter and tend to leave that to the following times-  a) Full on BEAR situations or b) when you have ridden a super momo stock up, sell your long position then short (should the chart indicate it's turning over). Being able to short is a great asset to have in any traders skill set. By the way, I like the black charts, I guess as a reminder to yourself they are shorts?
Mike

Aussie, I know you know your technicals.  Just look at some charts upside down and you're basically ready to short...lol.

Black charts for some variety...but thats a good idea.

CCBL - trendline break and like the action afterwards

Just turning my monitors through 180 degrees.........Ahhhhhh that's better, Oh oh I need to short all my current long positions aaarrrgh ;D

CHKP - rounded top

ERES - lower high or head and 1 shoulder, and trendline break

Elite-
I must say, I love this idea. Especially for those of us who are not as adept at chart reading as you and some of the other lads. FWIW I think this mini bull run is about to fizzle, and that's a great time to start shorting stocks that are overbought . I also believe that far too many traders neglect this aspect of trading , because our natural instincts are to want a stock to move UP rather than down. If this market does start to turn down, shorting is THE safest way to make money.  Looking forward to more!
The Irishman

Hey Irishman  ;),

I'm glad you like the idea.  I will try to refine my methods as we go along and keep this up-to-date.

update:
ALGN - stopped out
the rest not fantastic but lets see what tomorrow brings...
I'll try to add more tonight. 8)

     eliteG,
This is a great idea, specially for those (like me) who are scared to short. Maybe because  I got burned more times than I care to remember. Will help me positively.
Applaud!!!

Thanks.
P

eliteg

thanks for the help..this adds another dimension in my learning of the stock market. I wish I could of got in on your DSTI pick !! But I have to work..maybe you can start sending out text messages!! just kiddin Keep up the good work.

Thanks for the support everybody  ;D.  I'll keep going until the shorting method works pretty smoothly...or I get smited into the ground  ;)

DCGN - double top, negative divergence(price vs MACD)

CMVT - support line break -> trace out right shoulder
** check out the negative divergence example...nice  :o

HAS - triangle break, NYSE
***check out these negative divergence short examples :o

CCBL - stopped out
everyone else looking good...especially CHKP..

taking ERES off list...hammer and doji at supprt...probability not good for a continued move south.

The rest lookin great!

HAS - no trigger

The in-play shorts are:
DCGN
CHKP
CMVT

Good idea to come up with this board. A lot of us like to short the market at differnt times.

I'm going to leave that short picking and play to you eliteG.
May be I can learn from you.I'm just a bull by nature.
;D

Elite-

Have you given a look at AAPL? I shorted some recently and covered Friday for a small gain. It has that rounding top with crumbling-like weakness on the right side like I remember with ADCT some years ago. Characteristic of distribution, IMO.

Let me know what you think

PS I love the short thread inaddition to the long

pirus - thx  ;), feel free to post something you think might be weak

setravis - I'm glad you're checking this stuff out...shorting can be quite a tool.

spalooky - good to hear from a fellow shorter.  nice play  8).  In fact I see it a great short now.  I'll post the chart and hope to hear comments. (applaud) thx.  ;)

"There is only one side of the market and it is not the bull side or the bear side, but the right side."
Jesse Livermore

Hi EliteG,

This quote from Livermore, just says that we should look into short investments just the same way we look to long positions ;)

Great initiative !

PS: About the black charts, I find them the best for technical analysis, I've been using them a few years ago ;)

thx Ramsburg  8)

gonna add CSGS, CNET and ALGN(again) to the possible short list(GNSS, APCS, CYBS on short watch too).  May not have time to get the charts up.  I will get a spreadsheet up and running to show the entry price and stops I am using.  Hopefully this'll end up..er down  ;) good.  Good trading everyone.   >:D 

My Short pick.... TPL!!!


TRIPLE TOP!!

Stop loss: $178.00

man thats a beautiful chart calven, but and its a big one...volume of 2300 on fridays session?.  Definately cannot short that.  I look for at least 300k when shorting and I prefer over 500k.  I'll definately watch it, though, thx.  ;)

:)  EliteG,

Thank you for all of your DD and charting expertise.   I like the chart formations of the stocks you selected for going short.

Of all the selections, I liked the CMVT as the stock for me to short tomorrow.  Stochastics are headed down and the Money Flow Index is falling pretty well.

amperstand

 8) amperstand,

Thanks very much.  It sounds like you know what you're doing.  CMVT looks like a strong short(i checked on the money flow, nice  ;) )   here come some more...

CSGS - this is what I see

Oh wow thanks for pointing that out (the volume). I wasnt even paying attention. The chart grabbed my attention so fast...

The list.  This should help.

getting ready to short AAPL...went ahead and shorted 36.55...stop $1 away

CHKP - is up on very low volume in the middle area of a tall red...this is an excellent place to short or add to a short position.

Wow AAPL had second thoughts...plan worked perfect

The life line.

PDLI chart

PLUG it out

list

PLUG and HAS off the short list.

PLUG - just missed trigger before heading up...doesnt look good to me even if it comes back down today

HAS - pattern doesnt look good to me for shorting now. 

Everybody else going down today  >:D thats great!

shortED AVCT...27.30...had my eye on this one for a while

list

If you look for "cooked-books"
If you look for companies that tend to "surprise" their investors
If you look for companies who's short interest increase by over 30% while the price increase
If you look for a company with a lot of "meat" to short (currently $31 --- target is around $10)

Then ... consider TARO!


pls check the following posts on TARO MB:

http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=7077314&tid=tarof&sid=7077314&mid=7824

http://finance.messages.yahoo.com/bbs?.mm=FN&board=7077314&tid=tarof&sid=7077314&action=m&mid=7849


   

TARO looks like a great short.  thx - stockpicker(applauded).  I will add it to the list today but I wish it had more volume.

The stop in AAPL should show 37.55 and remains there for now.  I will change the stop lower today. 

Everybody else heading down nicely.  >:D

Holding off PDLI at the moment.

Hi, eliteG

When I subscribed a couple of days ago, and I browsed through the board I was really impressed, and happy to see such a nice place (beside many other mud holes on the web).

However I saw only longs, nothing short.

As I am already long subscriber to shortpicks I had the idea to introduce to David or Frederick a board like "3stocksgettingcold" or similar.

Well, as you realized the Idea faster, the credit shall be yours.  :)
Please continue keeping posting. Its not all day sunshine.

I remember a saying in my circle:
 
Manchmal must'e auch mal short,
ansonsten sind die Mäuse fort. 

(Sometimes you have to go short
otherwise your bugs will disappear)

Regards

andyman

Hey andyman  ;)

Thx, it takes some work.  Feel free to post short picks here and start your own list or even a new topic like this if you want.  Hope to hear some good plays soon.

An interesting saying...  ;D

Welcome aboard.   8)

PDLI - 5min descending triangle, shorted @ 18.20

Hey elite G  joining you in a small position on PDLI
like the looks of the chart, hope this works for us.
shorted at 18.24

cool pirus  8)

I'm sure there are many good looking shorts out there but I am gonna hold off to see how this list concludes.  I may have to rework my short analysis if I dont get a good return here.

List:

Hey eliteG looks like I'm getting stopped out in a couple more ticks
my stop is in at .75  I see you have yours at .77
there will be others.

if these dont start moving down..i'll have to go back to formula.  There will be others  ;)

did u short TARO?

the chart looks uglier and uglier (prettier, actually...)  ;D

I did not short TARO although it went down nicely.  It was a bad short picks day.  I'm going back to formula.  My belief is that there are always stocks to short.  Of course there are better times to do this at.  Will not be updating this for a while.  Who knows maybe I'llhave a new "formula" by next week.

Good trading,
g not so elite
 

Take a look at IIJI  >:D

TARO keeps heading in the right direction... slowly and steady...  ;D

In retrospect, PDLI looks like a complex head and shoulder formation preceded by a rectangle.  June looks like a pennant, a pullback, and a brakeout.  Chart formations haven't been working normally this year...this is not 2002/2003 for sure.
http://tinyurl.com/bel6e

Here is my old "triple top" short of TPL. Thought you would be interested in a before and after chart...

Any thoughts on the SVA head and shoulders?