I Love Short Selling Into Strength: 30 Hot Stocks To Watch
Posted by Timothy Sykes on Mon 3rd of Nov, 2008 02:45:49 PM
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This was sent to TIMalert subscribers early AM:
As I said on LiveStock on Friday, bull markets, even bullish bounces, are great for my strategy because I like shorting into strength…haters will say I’m just trying to spin things, but take a look at the massive watchlist, yes, 30 stocks, below and see exactly what I mean:
LNG is my top potential short, up from $1 to $3.75, resistance at $3 is now support, more resistance at $5…reserving shares to short just in case.
CVI was $25 just a few months ago, now a double off its lows of $2, up 70% alone on Friday, definitely one of my top potential shorts.
HT is a hotel play up form $3 to $4…yeah the gain is weak because it really is that bad a company.
BEE another hotel play up from low $2s to $5
FDML is an auto-related play up from $3 to $7
SPAR is an auto play that just keeps going, watch it…
CTB $5 to $7.50 so far, no real resistance until $10ish
MTG is an insurer waaay off its lows not ideal industry for me
OMX has gone form $3 to $8 in 4 days, but everything since $5 has been earnings related…not the best for shorting
SYMM is up from $3 to $4.50, earnings play, resistance at $5
ARGN $2.50 to $5, earnings play, no thanks
TEN $2 to $5 in 4 days, earnings on Tuesday morning make this a wild card
SAH $2 to $5 on earnings, big $2 intraday spike on Friday
CBK $3.5 to $5.5 so far, no resistance until $6.50, it’s around there I’ll look to short
DIVX is up on earnings I’ll ignore it
LZB has been in freefall, one day bounce, I’ll wait to short for more strength first.
ODP has surged form $1.5 to $3.50 due to good earnings, potential short still, too big a move for a big company
VHI is up $7 to $14, just hype, definitely a potential short
GKK is up from under $1 to $2.66, support now clearly at $2.50, has a tendency to gap up big and then run in the morning then go sideways the rest of the day, c’mon, let’s squeeze those early shorts some more!
PLA nearly doubled in 1 day on Friday, ridiculous for this wannabe
STEM is up $1 to $1.40 so far, not enough to interest me with all these others in play
CROX $1.7 to $2.5, no resistance til $4, oh please, I’d love to get more strength to short one of the worst companies around.
LAVA $1.50 to $2.50, one of the best downtrending charts around, just wait for signs of reversal
SMOD is another $1.50 to $2.50er, same horrifying fundamentals.
BLDP got financing, less likely to go bust, less shortable
MERC has a big one day gain, trying to bottom? Doubtful, just a Friday afternoon short squeeze, one of my top potential shorts.
AKRX is just another crappy company, only up 20%, not enough to interest me on a day like today.
LCAV reported earnings and spiked, but its really just a bigtime Friday afternoon squeeze.
ANV $1.50 to $3.50, horrible chart, no resistance until the low $4s, love to get a short off there
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TIM Trades
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%)
