Levels to watch ONLY if the financials take a further dive. AAPL trades separately.
Sunday, January 18, 2009
Some Shorts For the Week Ahead
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
6 comments:
Nice set of ideas. Though it's confusing to have FAZ listed as a short when I suspect you mean it as a long (target 80) and the real short is XLF?
I have been watching the AAPL short as well (I especially like it because so many are playing it for a bounce). There is a nice clean stop at 85 as well.
Take a look at the educational stocks. I think there should be a trade coming soon on those -
http://chartsandcoffee.blogspot.com/2009/01/point-of-action-educational-stocks-apol.html
rick
correct
Are the levels you cite closing numbers or intraday?
[Great site, BTW.]
tony
thx-those are the prices where i enter the short
GREAT CALLS! GREAT CALLS! GREAT CALLS!
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