Basket of Shorts
The markets appear to be rolling over from this morning's rally attempt. I am looking at adding a little short exposure here, just for a trade. Here is the basket of stocks I am looking at:
- REDF
- MYOG
- CELL
- NDAQ
- FTEK
- HOLX
- LCRD
- USAP
- ESCL
- ICTG
- CHAP
- ATHR
- NTRI
- FFIV
- DRI
If you have any comments or opinions on any of these, feel free to share.
3 Comments:
I won't short NTRI, because the short interest is already way too high (>30%). That makes for a crowded short.
That said, I still think it could sell off after it reports. Let's call it a gentleman's bet...
I like your CHAP short idea.
Looks like the stock is way overbought, and could fall about 5 points in the next few days.
How much weight do you put in charts when looking at stocks?
-Grant
www.TheCornerOfficeBlog.com
Grant,
I put weight in both technicals and fundamentals, as well as sentiment. I use fundamentals to decide which stocks to own, and technicals to help me discern when to buy and sell my stocks.
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