Possible Shorts

[BullAlert]

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.

 

[jane]

Hammer,

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

Thanks.

 

[CaptainObvious]

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

 

[Zachpence]

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.

 

[CaptainObvious]

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

 

[-hammertime-]

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!

 

[jane]

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

Thanks,

Jane

 

[-hammertime-]

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.

 

[1flyfisher]

Short retailers, plenty will file for bankruptcy

 

[NoDoji]

Quote from -hammertime-:

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.

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 )