That's my story and I'm sticking to it. We all know nothing goes strait down, so we would be crazy not to take advantage of over sold opportunities to get long. The charts are showing me nothing but great short side opportunities and nothing that appealing from the long side.
The HPQ chart was looking "iffy" at best, even before last nights earnings disappointment ( think DELL) and APC looks like a beautiful short under about $34.70.
Good luck today, I'll be on twitter calling them like I see them.
Showing posts with label DELL. Show all posts
Showing posts with label DELL. Show all posts
Thursday, February 19, 2009
Buying Dips, But Still Shorting Rips
Friday, May 30, 2008
Solar Volatility
Solar stocks are gapping up furiously here on a pop in oil and an upgrade. It's impossible to trade these names when they gap up 5% so the only thing to do is watch the charts and wait for some decent entries. Tech stocks are up a bit on the DELL report and we are looking at consumer spending and income data this morning. If oil were to reverse and rally I will be looking to short some solar.
Sunday, February 10, 2008
Dell Computer- Chart
Dell looks ugly here. If the market rallies it could get a bounce but the chart doesn't lie. On January 23rd it hit a low of $18.87 and tested that low again Thursday.The last real level of support was back on July 24,2006. I will get short on a break below $18.84
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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.
