Say it with me now, it’s all in the pattern, it’s all in the pattern. These are all similar, but it’s their variations that make this game so much fun. But none of them other than JRJC and TRMP are very close to being perfect. (Sorry for the horrible formatting, the summaries apply to the above chart, not the logical ones they’re right next to, don’t even get me started, I still have a nasty fever, less than one week to the new website!)
ABFS: Up on earnings–meaning don’t short right away–it’s gotta get to the low $30s before I get interested.
BJRI: All the restaurant stocks bouncing, this is a crap company, but I’d like for it to squeeze the shorts who entered already before shorting, short into the market close of its first down day for probable gap down, morning panic.
BKUNA: Perfect short–pattern should follow similar price action during last spike in early December, but negative news after Friday’s close means I probably won’t get the chance, too bad.
BPOP: Pathetic analysts upgrade, right into resistance in the $12 range, too bad there’s not more downside potential, probable avoid.
CHNG: Bouncing with other China plays, pattern should resemble early December price action, should be fun to short into first signs of weakness (not in the morning, too dangerous, only 2 up days, would prefer 3-5).
CHQ: Positive news breakout, gotta be careful shorting here.
ICO: Resistance at $6.50, either gonna be a nice failure or breakout.
IHP: Overhead resistance everywhere, try bouncing for very long you POS restaurant stock, probable short on first down day–Friday–but too expensive for TIM.
JRJC: My favorite Chinese spiker, they did sign a deal the other day, could be worth 10,000 yen (kidding), be careful here, lots of shorts, aim to be the last short standing.
LMRA: Needs another 2-3 up days to give me some downside potential to make it worth shorting, for now it’s just a bottom.
NEON: Crappy little startup with cool new touchscreen phone, sounds easily pump-able, buy if there’s any sustained volume, short after big spike on fading volume.
PTEC: It’s a breakout, it’s a breakout, look to short into first down close, but not aggressively since the stock is making new highs.
REDF: Another common foreign spiker, gimme 2-3 more up days, pleaseee (doubtful).
ROCM: Solid bottom, gotta spike much more to interest me.
RT: Horrifically bad restaurant company, wish there was more downside though, probable avoid.
TASR: Easy bounce off free fall action, gimme another $1-2, no resistance til $12.50ish.
TRMP: I’d love to short anything run by this idiot, solid resistance in the low $6s, but I doubt it’ll get that far, looks like I’m gonna get my chance soon!
WSCI: Having trouble breaking out, could be a short sign.
ZIXI: My 3rd favorite chart to short, would like to see a little more strength though first to give me more room on the downside.
No positions yet on any of these, just stalking these bitches
Posted in Short Selling