3SOF Portfolio (shorts pick)

[Terliso]

-- The Bull Measured move for GIGM has met, GIGM needs to retrace.
-- GIGM still a good short to own my estimated target would be about $7.90 to $7.50

Darn it!!.... I did not get the shares this should have been a good short in my portfolio
I tried to short it last week @ 10.42 

I don't understand why 3SOF does not have at least 1 short in the portfolio.
COMPQ penetrated the moving averages  50, 200(SMA) 200(EMA).

[nullzero]

I shorted GIGM friday at 9.55 avg. I covered at 8.90... unfortunately a little early .

[beroznikmal]

short picks for tomorrow is....

KKD
GROW
and gigm....

Wish me luck:P

cheers
B

[echo]

My shorts continue to do well. FITB,DHI,POWI are still in downtrends and my buy stops have not been hit

I don't understand why 3SOF does not have at least 1 short in the portfolio.

I agree Terliso, 3sof should have at least one short. They've done it before in  markets that didn't look quite as bad as this one does now.

Good luck to all.

[nullzero]

Im in shorting DHI, FITB, and CA. So far so good I covered the GIGM short to early 

[mexirafa]

Beroz,

I don't know if it is an important factor but check this out,

http://www.shortsqueeze.com/index.php?symbol=kkd&submit=Enter

I see the short float a high already. Just be careful in case of a sharp rebound to squeeze the shorts.
Good luck tomorrow,

rafael
p.s. i might join you with GROW, hopefully it will bounce a bit to the upside so we can catch a nice entry.

[AussieTrader]

DHI a nice and steady short

[nullzero]

I agree with the price target it looks like a very easy reward for the risk . Looking at the chart 15 seemed to be even in play but not if there was a worse case situation for DHI with huge earnings disapointments. I was planning to cover around 20-22 range. Will just update the stop on the way down .

[Lucas Scott]

I don't understand why 3SOF does not have at least 1 short in the portfolio.
COMPQ penetrated the moving averages  50, 200(SMA) 200(EMA).

I guess they think the bottom is near. 3Stocks is buying IHR tomorrow and I think it would actually make a better short. Chart looks way extended.

[SmartWrasse]

The velocity and magnitude of the downturn caught many by suprise.  Probably expected a bounce in past two days.

[nullzero]

Now is probley a good time to short DHI its at 27.41 atm near the HOD it gapped up on now news today.

[bocasva]

In-short with you guys on DHI at 27.18.....

[mexirafa]

I'd like to see DHI touch the trendline around 27.60 area, for a more powerful retracement.

[Terliso]

While on the other thread has some serious discussion about their losses in this pure market massacre.....  ---->Lets look in the market for possible short play

So my question is, did anyone else slash and burn positions before the worst of the lows, and if so what made you see it coming? Or what things do others look for to spot peaks?

1) Price Divergence --- this indicates that the bullls are getting weaker

The action in NASDAQ for today is just a minor bounce, we haven't seen the low yet

NASDAQ broke the 50(SMA), 200(EMA) & 200(SMA) .... As said before NASDAQ is very weak

It may bounce again next week but the downtrend will continue I believe

Nasdaq closes @ low of day, very ugly... So put a tight stop on ur Longs for tomorrow & the rest of this week

[Terliso]

Dow Jones