HLF has setup a decent short-term short-sale opportunity. The funny thing is that it is setting itself up just the way I described it would...with a a decline right below either its 10 and/or 20 day Ma on heavy volume with a LOD close (preferable).
HLF got hit today...just like I described it would. GGP is still not finished bottoming. I'd stay away from GGP for now. Besides, being a REIT, you can't expect a high return from this stock.
Yre, My mistake. I would just be careful with shorting it further as GGP may find some strong support at the 30-35 range. Think about taking profits when it back down to the mid to low 30 range.
HLF has setup a decent short-term short-sale opportunity. The funny thing is that it is setting itself up just the way I described it would...with a a decline right below either its 10 and/or 20 day Ma on heavy volume with a LOD close (preferable).
ReplyDeleteHLF sure is a gold digger.
ReplyDeleteGGP also looks like standing on the edge of the cliff.
Wht say Nick.
Yre,
ReplyDeleteHLF got hit today...just like I described it would. GGP is still not finished bottoming. I'd stay away from GGP for now. Besides, being a REIT, you can't expect a high return from this stock.
Nick, I meant shorting GGP ! I started building position since 40's... if it goes up I will add more to my short position.
ReplyDeleteYre,
ReplyDeleteMy mistake. I would just be careful with shorting it further as GGP may find some strong support at the 30-35 range. Think about taking profits when it back down to the mid to low 30 range.