Remember This One ?

I re-posted this as a short for the second or third time on June 24th. It was originally put on around $110. I have to get my time horizons a little longer. Wow. It closed at $$66 on Friday.

Tuesday, June 24, 2008

One For The Road

I put about 15 points in the bag on this back in March/April. It looks lower. That consumer confidence number was pathetic today. I can see another 15 points on this again.

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One For The Road

I put about 15 points in the bag on this back in March/April. It looks lower. That consumer confidence number was pathetic today. I can see another 15 points on this again.

Reloading a Couple of Shorts

CMG and DECK in here with a tight leash

Dow and S&P

Everything closed very close to session lows and ALL the indexes closed below the lows made on Friday. The DJIA is now about 100 pts from Jan lows and the S&P held by 4 points. No need for me to go through sectors as pretty much got murdered.
Alcoa, posted last night acted well as a short and the MOO short has just been spectacular, I only regret covering CMG,DECK and XME. Second time I mentioned that so you know it's like a dagger in my larynx. Let it go, just let it go. I will be back later.

Buyers Remorse

It looks like I covered CMG, DECK, and XME a little to soon. Shoot. I guess better to be safe than sorry in this market. MOO working well though. A possible turnaround Tuesday plays big here in the back of my mind so I am watching closely in here. Unless of course we take out Fridays lows.

Covering Some Shorts

DECK- 8 point profit from Monday
XME-4 points profit from Wed.
CMG- 8 point profit- about 2 week hold

We are getting close to bounce time and don't want to be a pig. Still like em short, but they will raise the dead when this pup turns.

Who Said Their Not Selling Rallies?

CMG- up $6 down $6, and going lower

Update

They are taking them out to the woodshed here and shooting everything. The shorts are working and CMG looks like it really wants to crack big time. Ags, metals, and financials are all weak here and there really are no pockets of strength. COIN is hanging in there and could be a nice trade later if they turn it around. Good Luck and keep those stops tight.

Chipotle Mexican Grill- CMG--SHORT

CMG could be a trap door below the $101.50 level with a quick run to $90 . That is the level I am watching. This is a tricky one because the earnings report is after the close on Thursday. I won't be short through the report but I may trade around the date.

TBSI- that I posted last night gapped up a bit so I didn't trade it, and CREE never followed through, so there was no trade there either