I’m a short seller so I’m lookin’ and lookin’ for stuff to short and other than KYUS, which had no shares available…anywhere…today at least, all I seem to find lately are perfect breakout plays of real companies! Charts like Third Wave Technologies, Inc. (TWTI), which I mentioned in this morning’s post, and now True Religion Apparel, Inc. (TRLG), which I just detailed in THIS AOL Finance post.
While neither are right for PennyStocking or any short term trading for me, they both have a lot going for them and probly wouldn’t make such bad investments. (Uhhhh I can’t believe I just used the word “investents”. I feel dirty. Blehhhh.) But seriously TWTI is a pure play for testing HPV, an STD that’s infected 20 million Americans and 6 million new ones each year. Good business to be in, even if their losses are substantial…especially if it can truly confirm this breakout by cracking its 2001 $11 IPO price…
And TRLG well, read that AOL article, this could be a fakeout–as the stock has been known to spike then retreat–but the variables are aligned for a substantial short squeeze…
Who knows, this ain’t my game, I have the dark gift–everything I write about turns to sh#@–but maybe just maybe, considering these stocks are breaking out in a pretty tough market environment, they have the willpower to push forward. Time will tell, coudln’t hurt–too much–to tell you guys about ‘em.
Posted in AOL, Breakouts, Hot Stocks, Patterns To Buy