here is a list of shorts I am looking at: abc bzh fnm kkd movi petm tecd constructive comments welcome.
KKD was my last pick for TheStreet's Short Report. However, entry was told to be taken above $34.50 last week and I think the best price for this trade is gone. Shorting in the 33s higher risk imo..I have targets closer to the $32.20 support. Fwiw. It's sure been fun trying to find short setups during the war rally..let me tell ya!..sigh.
DSF, Your list looks interesting. ABC has a decent setup, with a break of short term trendline and the break is occurring in a downtrend after a weak pullback. A caveat though is that all of these stocks have been in extended downtrends with the best short entries already gone by. A lot of time has passed and that leads me to believe that taking profits swiftly might not be a bad thing. So my take on ABC is a breakdown, short pullback, then resumption of downtrend into support at 45.70. If it breaks that, there should be further entries down the line.
To bzh and fnm: I don't short stocks with PE < 10 to petm: I would have shorted them maybe @ $20 @ around $10 I'm not so sure. to tecd: this stock is in a downtrend for more than a year and you start shorting it on this level? Hopefully you are not the last lender. Do you really make money by shorting?
i have one for you. SHORT ANF ANF 4/11/03 closed @ 31.40 A lof of downside. I can easily see ANF <28.00 within a few weeks. :eek:
How can they possibly recover in the near future?And they all have huge debts.Surely anything congress gives them will be a drop in the bucket?If UAL or AMR stopped flying it would probably be bullish for the survivors?My favorite shorts are DAL,CAL,NWAC,KLM.
ebay, amzn and yhoo I mean. See Barrons this week-end for a good rationale, but to summarize, amzn is a short's favorite at 75X forward p/e and still aggressive "pro-forma" earnings reporting and, for us technical types, big run up on the charts with the beginning of a rollover pattern underway. Very important for all three is the (upcoming) introduction of sales tax on internet sales. Not for the faint of heart I'll admit.