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shorting and put strategy

Started by catrader, May 02, 2006, 01:42:34 PM

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nullzero

SMDI looks good as well ;) I may join you guys on it tomorrow.

fous

Hey fellas,

I'm Shorting DDE in the morning. Powerful move today on heavy volume. Insiders have been dumping as well. Maybe we should to ;)

-fous
trade it like you mean it!

Terliso

Quote from: fous on June 13, 2006, 10:27:24 PM
Hey fellas,

I'm Shorting DDE in the morning. Powerful move today on heavy volume. Insiders have been dumping as well. Maybe we should to ;)

-fous

This one is also a good short.... A lot of stock are good to short, can't have 'em all ;)

Terliso

I'm thinking to short SWKS or SMDI for tomorrow morning ;)

AussieTrader

#64
Some Short Thoughts:

MED Was on my short list yesterday, but didn't execute unfortunately. Looks headed to 50SMA
HME Struggling to break $53, with a sort of triple top shaping up. In a bull flag now but can fail from this at the $53 level with target mid to low $40s
BDX Holding on to the 200sma with its fingertips, failure here and some gaps come into play down to $51 (around 15% gain)
BIDU had a breakaway gap a while back from $65 to $75. Now at the gap opening with potential target on failure the gap start which is about 12% gain.
SHFL I have an open short making its way into my target zone right now

Quote from: Terliso on June 13, 2006, 11:22:25 PM
I'm thinking to short SWKS or SMDI for tomorrow morning ;)

SWKS for me has a multi tested bottom in place around $5, not a great short based on its current price $5.30
SMDI has a better look to it from a risk reward basis
AussieTrader
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nullzero

Check out LUM for shorting

"Luminent Mortgage Capital, Inc., a real estate investment trust (REIT), invests primarily in the United States agency and other single-family, adjustable-rate, and fixed rate mortgage-backed securities. Luminent Mortgage was founded in 2003 and is headquartered in San Francisco, California."

http://stockcharts.com/h-sc/ui?s=LUM&p=D&yr=0&mn=6&dy=0&id=p43497159613

looks good :)

Terliso

Quote from: AussieTrader on June 14, 2006, 01:37:57 AM
Quote from: Terliso on June 13, 2006, 11:22:25 PM
I'm thinking to short SWKS or SMDI for tomorrow morning ;)

SWKS for me has a multi tested bottom in place around $5, not a great short based on its current price $5.30
SMDI has a better look to it from a risk reward basis

You may be right Aussie but looking at the chart of SWKS it could go down $4 (or even below $4) that's 25% profit from this current level. ;)

nullzero


rickjust

didn't short smdi yet . should have when it hit the 50 day this morning.
just watching today
max :P

SmartWrasse

I got the same price on NEW  :)  LUM was not available in Fido

Added shorts on BIDU, DDE, SMDI

Looks like HANS hit its head on the 50 dma

Thanks to those posting their picks 

nullzero

#70
I figured LUM would be harder to get shares... I think NEW is a better pick because of the higher volume traded and the small pop today was a perfect entry for short. Price target looks good  35.00 +/- 4.00. Have a 45.10 stop on NEW I dont expect it to get there going to ride NEW down.

catrader

guess careful here in shorting or getting puts as market seems to have turned and in an uptrend now.  I can be wrong but that is the way it looks.

SmartWrasse

I'm closing out most shorts that are bouncing back above 50 dma's.

nullzero

holding most short positions 2 of my shorts got closed out dhi, mrvl.. shorted more NEW today... Currently shorting BRCD, NEW, QSII, SHFL. Market bounce is luring in more people I suspect next week we will be back where we were on monday-tuesday. Close in red today? possibly looks like a fade to red/neutral

echo

Quote from: catrader on June 15, 2006, 11:50:26 AM
guess careful here in shorting or getting puts as market seems to have turned and in an uptrend now.  I can be wrong but that is the way it looks.


Well, we bounced off support yesterday at 10700 (see chart below)and it continues today,if we can stay above the 200 ma we might be in recovery but tomorrow is options friday so who knows what we'll get. I still have two shorts: DHI,SNE with tight stops. Good luck to all

There's always a bull market somewhere and I promise to bla bla bla bla........