Possible Shorts

RMBS

Stock tripled over the past month, came up the the 200dma and bounced. Big red bar (almost outside) today. Shochastics and RSI are mucho overboughto.

 

Hammer,

How often do you post short watch? Do you go long also?

Thanks.

 

DRYS due for a pullback after all these gap up days.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2249298

 

GS will create an evening star if it gaps down and stays down. Plus it's ready for a correction and won't be able to break resistance from October/November at the $91-92 level. Moreover, bearish divergence in the stochastics.

 

Closed two gaps
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2250459

 

Captain - Great call on the DRYS ! Could be another big drop tomorrow. Gets below 12.85 - look out below, or maybe not.

DRYS, which is one of my personal favorites to trade, got absolutely hammered today. I will be watching in the morning along with these (among others):

GE - below 16 tomorrow?
ARTC - missing deadlines, investigations, support at $6.95
LWSN - looking for a drop after nice dark cloud cover today. earnings announcement tomorrow.
TRA - Bearish Engulfing. made the watchlist.
MSFT - Evening Star - but will it get back below 19 again?

I think we'll see a bounce up in the morning, then it's gonna be a free-for-all again. This week has been nuts! I learn something new everyday. Right when the VIX is bound for normalcy again - BAM!

 

great and helpful posts - hope you will post on a regular basis

Thanks,

Jane

 

GE had a nice drop at the open for around $0.25/sh, DRYS fell in the pre-market only to skyrocket 20% off of lows for absolutely no apparent reason !! The thing everyone loves about this stock is the action - especially at the open, just kept getting propped up all day today.

Best short from the night-before watchlist I posted was LWSN, which lost almost 10% during regular trading hours !!

Watching tomorrow -

bearish signals for INFY, CIEN, FED, RF, BEBE, CNB, JPM,

bullish signals on COH, CCL, NOK, VAR, KG, JBLU, DIN

I try to do some researching the night before and then check news, scans again pre-market. I'm a small fish. I'm waiting for all the gurus out there to chip in with some of their razzle dazzle. Please, we need all the help we can get.

 

Short retailers, plenty will file for bankruptcy

 

In 2007 DRYS went from 17 to 130 in 8 months. In 2008, from 116 to 3 in 6 months. Day trader's dream, swing trader's dream, investor's nightmare. (Got some in the IRAs @ 3.48, loose stop )