I’m in Egypt on my whirlwind vacation now, but this was sent to TIMalert subscribers at 2am EST so they could be prepared for the trading day and reserve hard-to-borrow shares to short ahead of time:
In this kind of a market there aren’t many hype/manipulation plays, so
cherish the ones that exist and even though I’m a short seller, I pray for a
bull market, more opportunities! For now, I’m not gonna bore you with a ton
of unnecessary plays, there are only 3 plays worth watching:
PALM just keeps going, never underestimate the hype from a new
products…remember I said it’s more of buy than a short sell, well, that’s
because I understand crappy company hype…it’ll be a short eventually—no
matter if the product is as good as they say—just like AAPL dropped
60%…doubt it’ll go that far though! Still looking like a RMBS-type chart,
running into heavy resistance in the $8-9-10 range though…try to reserve
shares to short every day from now on.
HSNI spiked, dropped and is now trying to rebound a bit…Pennystocking DVD
students Adam N. & Steven banked off this play, nailing the short, but now
odds favor a bit more of a rebound before retesting lows…potential short in
my book, but it’s gotta get more volatile to get me interested.
NCEN is an oldie but a goodie alternative energy pump and dump, its doubled
off its $1ish lows, my guess is it’ll soon be a good short, not great, but
it should dip like DSTI—50 to 75 cents/share, gotta try to reserve shares to
short each and every day
Posted in Potential Plays