13 Stocks To Short: “Don’t Fire Until You See The Whites Of Their Eyes”

Posted by timothysykes on Mon 31st of Mar, 2008 08:09:18 AM

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For you idiots out there–don’t be shy–that was the command given at the Battle of Bunker Hill, meant to get the patriots not to fire their weapons until the enemy was right up close to preserve their minimal ammo.

bunkerhill 13 Stocks To Short: Dont Fire Until You See The Whites Of Their Eyes

It’s incredibly applicable to these 13 stocks because as a short seller, you have tons of choices, but you must only open fire when your enemy–the stocks–are worth being shorted–that being into weakness, to give you the best chance at hitting them square in the chest and taking them down!

So far I’ve only seen the whites of the eyes on REED’s longs and that’s why I’ve been firing my Short Selling musket as if I were a patriot.

(REED)

reed7

(YTBLA)

0102ytbla 13 Stocks To Short: Dont Fire Until You See The Whites Of Their Eyes

(COT)

cot7

(HYBR)

hybr7

(BPAX)

bpax7

(WH)

wh7

(USBE)

0102usbe 13 Stocks To Short: Dont Fire Until You See The Whites Of Their Eyes

(LUNA)

luna7

(VSE)

vse7

(GU)

gu7

(QBIK)

qbik7

(LWLG)

lwlg7

(ERHE)

erhe7

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sneale17

So you're saying that you should only short when the stock starts to come back off of its runup? Is that what you mean by whites of their eyes? You never actually say what you mean by weakness...

Thanks.

timsykes

even at the top, a stock can show weakness by turning sideways and failing to breakout. or weakness could be a quick drop, bounce, slow fade. or a quick plunge, lots of different possibilities, thats why i didn't mention them all

timsykes

REED down to $3.30 now, gotta get greedier and hold

Gary

huge pop on REED.. tim hope you where not short already this am

Val

darn, BPAX down big & Ameritrade had no short shares, they never have any

timsykes

gary not sure what u're smokin', but i want some. REED is still down 50 cents on the day, don't be fooled by the low volume and ridiculous spread...variables weren't good for an AM short, good avoidance

BPAX nice morning tankage, had my shot to short 1000 at 4.39, but i held off because i prefer afternoon fades

Val

SMBL starting to look weak here too

Gary

aww...Tim, don't you know that it is way to early to pull ou the pipe yet. I was just hoping you didn't buy @ $3.30...due to the fact it took a good 60 cent jump up.

Now, trading at $3.55...opppss make that 3.82 now!

Just heckling you "money man"

Hey thinking about riding COT on the way up.

timsykes

damn just got filled on my ASTI short at $16.99...guess i shoulda had my limit order much higher! oh well, not a bad entry actually, even if its not a trade i really wanted

timsykes

covered my mistaken ASTI trade at $16.69, sure, i'll take $90, pays for drinks tonight

tyler

I got in BPAX @ 4.46, do you think this thing will continue to fall later in the day?

Tony Ellis

AKNS double top?

lmsmith

Akns, is trying my patient, has to fall lower....looks like it's heading in that direction

timsykes

akns bouncing around, plenty of support underneath, support up above, guess what its an efficient market, avoid!

bpax good short, could still yet bounce though not confirmed to be a negative day until the market close

Andrew

looking for cot to break 3.75 what do you think?

NeilTheRealDeal

good sideways price action on WH? or probably should wait for a down day right? this thing has been up 7 days in a row.

Andrew

it broke! cot is gonna tumble!!! i hope....

timsykes

3.75 on cot is MEANINGLESS

WH sideways action is MEANINGLESS

read the title of this post outloud over and over until it sinks in

u need fear, symbolized by a negative close

timsykes

cot didn't "break", its just an intraday dip. yes it could lead to a big drop, but now u're just guessing, like the rest of the suckers out there.

i really gotta push my DVD harder, maybe it'll get u guys to understand this stuff better

Andrew

why is that guessing? is that not a tell tale intraday technical break?

timsykes

cuz its a little dip off the high, boo f$%$en hoo. don't be an early short begging to get squeezed, wait for some real fear

Gary

Andrew...look at the past days! COT has many intrday dips ! All at what you would call strong points. Todays volume is still very high...Still strong.

I would say once volume breaks and it drops about the 3.40 mark, that would be a good break. and as I type there it starts to fall.

Hope it gets to your 3.40 mark for ya.

NeilTheRealDeal

Hilarious Andrew. Going nuts over that?? COT? did you enter the wrong symbol down? How is that a tell tale technical break? It didn't bust through some support anywhere. It just came down a little bit from its high.

and Tim, I wasn't saying that WH was at a good point to go long or short. I was just saying there was sideways price action. And isn't that what we look for?

But I guess you answered the question by saying we need a negative close

Val

but COT is so overought it's ridiculous, I'm definitely watching. It's got a long way to fall once it starts

Val

and besides that is IS the third day ya know

timsykes

COT's not overbought til $5 and no resistance until $5...looks like it fading now, but wheres it gonna go $3.50, $3?support at both levels. wish the run would continue more, oh well

timsykes

and its not the the 3rd day, its the 6th day--when u have this kind of pattern, it can last MUCH longer than u expect, look at WH and all the solars

Andrew

what would show you the fear in order to be short cot?

Andrew

oh whoops shoulda refreshed before i wrote that thanks

Val

hmmm now you scared me, taking my gain o this little CRASH, better than nothing!

NeilTheRealDeal

well now cot is down more than 30 cents He was going nuts at a 10 cent decline. If he posted when it breaks through 3.40 or so then I think his excitement might be worth it. Then again I'm new to this. I think I have half a brain in my head though.

timsykes

dont get me wrong, this is a great stock to short, u just gotta play it safe. cracking 3.75 turned out to be a good entry, but it was just a break of the past few minutes, nothing major. 3.66 at least woulda been a nice intraday head and shoulders and now its trying to go negative, another key point.

Val

I'd say fear has kicked in, CRAP I covered too soon!

NeilTheRealDeal

and its easy to borrow on TOS which is always a plus!

Gary

and easy on etrade.

Val

Amiertrade has both SMBL & COT, I'm reserving some of both for later. I love this blog TIM, it ROCKS!

ViciousChicken

Val- how do you check availability on Ameritrade? Can you do it online or do you have to contact CS?

Val

I just put in an order at a high limit to see if they'll accept the order, that's all. Like I have an order in to sell short COT @ $5.00, and SMBL @ $9.00. They are both open now, but intraday if I see an entry I like I'll just change the order, most likely to a market order to get filled quickly.

neswick

Would LUNA be a good short today with the weak volume?

Jonathan

Tim,

Did you catch YTBLA at the top today? Would of been a good short.

NeilTheRealDeal

I don't even know what LUNA is but I'm guessing its a solar. Looks just like WH

ViciousChicken

Val, that's a cool idea- thanks!

Val

you're welcome!

sneale17

Tim-

You should look into getting a chat room or something. Refreshing this page is getting annoying...haha.

NeilTheRealDeal

There is SEC rules or something against getting a chatroom. Someone already asked in his forums.

Mike

Are the Sykes pattern / super nova plays usually dead cat bounces?

Moe

Just to add to the whole COT shorting topic. One of the reasons why Cot shot up on Friday and this morning was because of rumours of a buyout by Cabury\Schwepes. For those who shorted at today's high I think your in for a good run dowards. (unless the buyout occurs, but there's nothing in the news)

Just my thoughts

Brian D

I'm going to put my little bit of love on this one, shorted 300 of ASTI at $16.30. 300 PQ at $17.50 not ideal plays for you but they're working a small bit of magic for some okay profits.

Gabe

I got a nice short in the morning on GU today. Wondering if sell or hold for tomorrow. Looks technically broken, next break level seems to be 12.60. Chance of a drop tomorrow?

morm13

I went short LUNA this afternoon at $7.80. Anyone else short here?

morm13

Just covered @ $7.89 for a loss. Still some strength left.

timsykes

morm, u didnt waiti to see the whites of their eyes

even BPAX is rebounding, amazing

Brendan Long

To all reading this great example of how not to write an article, please join me in going LONG on COT.
I'm working on building a 100k share position in this company AKA if you short this company you will get burned in the next few days. If you don't believe thats fine - we'll chat on Friday...

timsykes

uh oh brandon long is building a 100k position in COT, run for the hills, LOLOLOL

Vaibhav

Tim,
Luna is at around 7.4 right now?
What do you think about short selling if it crosses 7.6? I have been closely watching it for a while and it fluctuates a lot between 6.5 an 7.5.
Please give me your opinion?

timsykes

i wouldnt touch luna, its already retraced

PETEKUSH

whites of their eyes...what if there bloos shot, then they would be red......that makes it more dificult

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View All

Date	Stock	Buy	Sell	Net
Nov 6	QXM	$4.31	$4.80	$1936
Nov 4	COT	$8.66	$8.88	$642
Nov 4	QXM	$4.61	$4.89	$822
Oct 30	DDRX	$25.70	$26.53	$812
Oct 29	CTDC	$4.00	$4.42	$781
Oct 26	AWSL	$3.24	$4.10	$2516
Oct 23	RODM	$5.27	$5.23	$301
Oct 22	AMLM	$2.69	$2.97	$820
Oct 22	USEG	$6.12	$6.09	$85
Oct 20	CBOU	$8.93	$9.06	$243
Oct 16	VRMLQ	$16.79	$18.65	$2773
Oct 13	YONG	$11.05	$11.66	$1202
Oct 13	NPHC	$0.59	$0.71	$583
Oct 12	IMGG	$0.60	$0.70	$682
Oct 9	ZAGG	$5.50	$6.10	$2380
Oct 7	GVBP	$0.03	$0.27	$702
Oct 1	NPHC	$0.70	$0.85	$1482

Total: $92,304 (644%)