You are not logged in.
#1 2008-03-11 00:36:28
- leo00o83
- Registered: 2008-03-10
- Posts: 24
Jrcc 3/10/2008
JRCC: The late-to-the-major-markets-sell-off play today:
(RIGHT CLICK AND HIT VIEW IMAGE FOR CLEARER PICTURE)
all the factors lined up and made for a great short:
1. 52 week high --- selling on strength stocks
2. Major markets resumed the sell off but coal was "forgotten" for some reason, JRCC was relatively better performing than the SPX and certainly the RUT
3. Relatively less short interest than other coal garbage stocks with similar market cap, like ICO, but enough to keep it in play --- 15% short
4. Upward channel reached short-term high
5. Executing timing: waited for a one day sign of a sell off in combination with relative better performance than its sector (see KOL etf chart), the purpose of choosing this stock and not even better performing coal stocks is because there is no confirmation that the big money needs to sell on strength.
and walla! 12% profit from yesterday to today's close. 3/10/2008
Last edited by leo00o83 (2008-03-11 00:43:40)
Offline
#2 2008-03-11 01:55:25
- timothysykes
- Registered: 2008-02-17
- Posts: 1036
Re: Jrcc 3/10/2008
very nice variables on your side
"Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!"
Offline
#3 2009-08-02 14:28:40
- leop
- Registered: 2009-07-31
- Posts: 2
Re: Jrcc 3/10/2008
Nice job. Its been a while tis time for more trading update.
Offline
