VM
After missing out on perfect 10%+ afternoon fades both Wednesday and yesterday (dan you publishing business model!), I shorted 1,000 shares at $4.01 into the market close yesterday…while I’d have preferred to short into some kind of bounce—as it might bounce a bit early today—this thing had too many things going for it: first down day, filling the gap perfectly, after a multi-day runup smack into resistance, a strong long-term downtrend, a history of rolling over after spikes, a failing business, upcoming earnings (where they’ll probly fail some more, as is their tendency)…there are buyout rumors so it’s not an ideal play, but I’ve learned to trust chart patterns much more than humans. It’s really gotta crack $4—if it does, stop losses and the chart pattern should bring it down to $3.6-$3.75 eassssy…not as much downside potential as I like here though and given the tough environment lately, I’ll play this one somewhat safe
MESA
Nice gradual intraday and multi-day uptrending, TheLion was all over this and that’s why they’re on TIMfavs (many more websites coming soon…)
JRJC
It’s baaaaaack, this Chinese spiker is trying to do what it does best, kinda tough to do into such a multi-month downtrend, but it actually helps too cuz lots of shorts are getting squeeeeeezed. This is now the 7th big spike where the last 6 proved to be great shorts—no pattern works the same each time, they evolve baby, as shorts are learning
VNDA
Failing biotech got upgraded by some ANALyst, up big pre-market, hopefully it can squeeze shorts a bit and offer some good old-fashioned downside!
LNG
Holy God is this thing is rolling over so perfectly it thinks it’s a puppy…I’m sick to my stomach I missed it—or wait is that the Korean food from last night? Yah probly the food, this was a falling knife, gotta stay disciplined in what I avoid, damnit!
SQNM
Is that a little genome momentum play I see developing? I think it is—too bad it’s also a solid earnings momentum play, not for me
BGS
Another earnings play I’d normally avoid if not for the fact some ANALyst got involved, trying to be a hero and pick a bottom, recommending SUCKERS investors buy into a horrifically steadily downtrending chart
OMPI
Only $1.70 off its lows although I do like the stink this company gives off, so hopefully it’ll stop rising gradually and really spike so I can sink my short selling claws into it
IMMR
Another long-term hard hit gradual bouncer, too gradual for me, it’s like a real company or something—blehhhhhhh…where my frauds at!?!?!
PGTI
You called master…here I am! No PGTI, you’re not worthy of labeling yourself a fraud, you’re just a debt-riddled manufacturer who recently reported good earnings so you’re not shortable cuz it’s all about whether or not you can get out of debt…sorry, I wish you were more of a fraud, stop trying so hard and give into stock promoters—then you could even change your ticker to SCAM—wouldn’t that be fun!
Posted in ANALysts, Breakdowns, Hot Stocks, Patterns To Short, Short Selling