SHORT THREAD!

[nullzero]

Im looking to short ANF either today or friday. RIMM is looking good on the short side, news hit AH of a big lawsuit so lets see how this pans out today. New short to look at CFC, earnings coming out january 30th. Subprime lenders are getting creamed as of late.

[nullzero]

Strong bearish move on CFC today broke 50dma on high volume today so far. Shorted CFC today at 40.80

[nullzero]

All my shorts are looking good  .

CFC: 40.29 -1.64 (-3.91%) Strong high volume move through the 50dma today.

RIMM: 127.04 -0.69 (-0.54%) Not much movement today neutral to bearish.

BRCD: 8.37 -0.31 (-3.57%) Big move down trending with the indices.

[nullzero]

Im now 100% short on the market heavily invested in QID and have shorts in RIMM, BRCD, and CFC. Today we may have continued downside in the market (espically the DOW) if CAT comes in below market expectation on earnings and the durable goods and new home sales numbers come in worse then expected.

[nullzero]

Covered for slight profit on CFC at 40.53. CFC didnt show enough weakness this morning, also thinking it over CFC has a high chance on a dumb rally on bad earnings.

[nullzero]

ANF is looking good right now on the short side. I may jump in soon on an ANF short.

Market showing a strong bearish showing today... the VIX is over the 50dma and is still making new highs 2 big white candles its printing so far. Will only need monday to print a third tall white candle to give us 3 white soliders. QQQQ is under its 50dma with the 5dma, 9dma, and 20dma piercing through the 50dma. I expect next week the bearish trend will continue with more volatility.

[nullzero]

Covered BRCD for 2% profit todays action was bullish on BRCD after the morning market blues. May drift around above the 50dma for a while.

[Terliso]

Shorting time!
When market pullback, even good stocks will suffer.
--- Trade only on the right of the market --

[nullzero]

So this is the turn in the market you were waiting for Terliso? Any good shorts you spotted?

[Terliso]

So this is the turn in the market you were waiting for Terliso? Any good shorts you spotted?

Yes Nullzero, I think so, I won't be scanning the market until Friday...It is good to be in cash right now, and I'll take this time to relax for the whole week.

[jorgegr]

Have a nice relax Alistair you deserve it.

Good luck

[tokyopua]

Just got my margin account approved.  Dont know if I plan to short soon, but for the moment, just good to know its there if I want to.   

[Quasi]

Just got my margin account approved.  Dont know if I plan to short soon, but for the moment, just good to know its there if I want to.   

Hi Tokyopua

Nice to have that margin account, opens up some other opportunities, long and short, just be careful not to get to overextended.

I have a few friends who use it heavily to leverage themselves on the long side,  I think tomorrow they will be getting some margin calls from their brokers.  Works well as long as the trend is going your way.  Basically the more marginable stocks you buy the more your available margin keeps going up, ie your account has more value so you can get more and more leveraged.  It can become a real house of cards and when it starts to collapse it happens fast.

I don't use margin alot, but nice when you are fully invested and want to buy something right now without selling anything immediately, gives you the chance to pick your optimum exit and you just pay for the loan for a few days.   Also some brokers won't let you buy anything with the sell money until after settlement, so again that margin can help.  My broker BMO here in Canada is good that way as my account is live online, ie I can buy something one minute then sell it the same day and then use the cash to buy something else the same day, no waiting for settlement day.

As far as shorting, also remember you can always use put options to achieve a similar end, but with options just remember the time decay.

I've been looking at the QID bottoming the last few days and almost bought some, but not today on the gap up so now I will have to see how this plays out for an entry. 

I did buy some puts on GMR when they had the gap up on the $15 special dividend, 4 days ago so far OK, 60% gain in 3&1/2 days and the crunch today will probably help.  For the first 1 & 1/2 days the gap support held but started to breakdown yesterday and today it has started to fill the gap which I expect will complete shortly.

happy trading / investing
Quasi

[stout7735]

Damn I didnt play the CFC short! It got battered badly! Closed down over -8%!

CFC has been buried alive the last three months...Will it be finished off tomorrow???