Tuesday, July 6, 2010

A Few Shorts

These will be added later tonight to the spreadsheet.

Dell anywhere around $12.50 or above.

FARO -watch this one on the size of your position, it's fairly low volume. You want to consider shorting it in the red triangle.


AMPL stands a decent chance of breaking out to the upside for a quick upside trade of a few days-this is a long trade.

EXPE short in the red rectangle -I doubt it moves above $21.82

BIDU-a typical triangle top and it could be a nice short

This is a long shot, but possible short -BID

SLG

There should be more short ideas to follow if this market continues up.

Unlike the inverse leveraged ETFs, these are pure shorts, you will need a margin account. Each (shorts/ETFs) have advantages and disadvantages. Ideally a decent blend between them would be great, just make sure that you choose positions that do not put too much money in any two positions that are closely correlated.

If you look at GLD's chart today, you can see why I've been hesitant to get involved with Gold, that trend doesn't look right.

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