3SOF

Im not going to enter PHM unless it goes to the high 28s to 29s. However I would loved to get positioned in another HB before the New Home Sales and Existing Home Sales data this week we will see... PHM might very well bounce on negative news though lol.

I think its good playing a stock over and over as long as its not to volatile of a mover and it has good trade volume. I use to play ESLR alot traded it like 3 times and made a profit. PHM and the rest of the bigger home builders seem like good swing traders. They like to move with the markets on up days as a group. They arent to volatile average move about .50%-5.00% per day. If one has bad earnings or news the rest of them move with that one.  They all got good trade volume as well.

   Well the PHM plan did not quite work out, stopped out of my short this AM at 28.4 (6% gain about)   

Everything opened up this AM it seemed;  also stopped out of  CKXE at 9.52, both are down now 

Still holding AKAM and a few ZMH short and looking for new shorts...  time to research.

AAPL could be getting ripe to short again, but having been burned i will wait for it , not much upside resistance here until 67.85...  flowing with the market.

Cheers joe

CA gapped up over 7% on bad news lol it will drift lower. I just shorted some today at 23.33 its still around that price range I would check it out . CA readjusted its earnings and beat expectations slightly but still earnings came in at a big loss.

Thanx I will watch CA, but after shorting AAPL on the big gap up i am going to wait to enter here... currently in no mans land between several moving averages, volume comming in and RSI and MACD pointing up i am guessing that there will be a better short entry (currently 23.20)  Do you see a trend break here?

Check out this CRAZY chart CEO   China oil up six days in a row on red candles!!! go figure, and all up from a gap onJune 14!!!  (from shortstocks.com)

Cheers Joe

shortstocks shorted SHPGY today. I check CEO that is a wierd chart. CA is looking good the gap is fading off through out the day. I wouldnt doubt we are in the 21s by this friday.

I played CA today for a 1% gain. Just shorted PHM at 28.26  . All this new housing data coming in this week and im beting it will come in bad.

PHM short...  be careful,, in this situation the expression may be buy the news... as a bunch of the anticipated poor news is probably built into the depressed prices

I will wait for  a larger rally to short this one again...

ZMH sure is due for some pull back...

willing to risk a 7% stop on PHM

Good call joet on PHM! I shorted only half position yesterday lets see if it turns around im ready to pull the trigger on the other half soon.

Shorting tech stocks seems to be easy money at the moment. Some tech stocks to take a look at for potential shorting. I also recommend taking a look at QID for a nasdaq decline play.

Large Cap tech shorts that look attractive.

RIMM (chart looks bearish, cell phone industry is looking bearish with the recent MOT earnings.)
GOOG (If tech goes lower GOOG will move down as well, chart looks bearish.)
CSCO (Chart looks bearish, will drag down with the tech sector)

Medium-Small Cap tech shorts that look attractive.

BRLC (Like this short play chart looks very bearish, just went below the 50dma.)
HAUP (Was a recent hot stock and momo play, but I believe this will show strong weakness against a weak tech sector in the coming weeks and months.)
BRCD (I like this short setup the moving averages are very tight and the MACD looks like its ready to move south in direction. Good cover low 7s?)
CHINA (Good short at this level, I would cover right around the 50dma if it moves that way. I would put a 7% stop loss or so on this.)

Shorted some BRCD today @ 8.56. BRCD is going to trend with the nasdaq. I should have a shot to cover in the mid 7s.

RIMM up over 4% today on really nothing. Good time to consider a position for a short on RIMM.

Nice rally today in the markets, didnt scare me out of a short position. Under water on BRCD by -1% and RIMM by -2%.

With you on ANF shorted some at 79.96 today but will stop it at 81.10 if it sees new highs, current target would be 50sma around 72
cheers joe