The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Saturday, March 08, 2008

Potential Short Sales

FSLR

Pros: A nice LOD close below the 50 day MA
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Cons: Volume is still below average. Remember, I'd like to see volume hit at least 6 M before its a perfect short.

Could experience some support at the 200 day MA

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Strategy: Initiate a small position at first. Add more if the stock pierces below the 200 day MA on above average volume. Close out position if the stock climbs back above the 50 day MA on strong volume.


FSLR - (3 month) Chart











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VCGH


Pros: Closed below its 200 day MA, near the LOD (down over 10%) and on heavy volume.


Cons: Low Float.


Strategy: This is a good time to create a small initial short position in VCGH. Add more to your position when the stock bounces up near the 50 or 200 day MA. Eliminate your position if the stock reclaims its 200 day MA on above average volume.


VCGH (3 Month) Chart




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