I'm still in. It is coming very close to hitting my stop. I still think it will head lower if it comes across resistance at the 200 day MA. If not I'll just cut my loss and move on. Nothing seems to work well anymore...not the longs or the shorts. Market is acting just plain crazy lately.
If you haven't already shorted it, wait for FLSR to close below the 50 day MA (near its LOD) on heavy vol (over 6M). It needs some heavy selling pressure to finally crack down hard. Its not going to happen when the market is bouncing up over 400 points in an oversold bounce. Patience is key right now. Keep an eye on it and get in on it once it gets hit with some real distribution. Ignore the days where volume is just average or just above average...
still in abax? or got out.. got in shorting ANF.. but not working so far.. sure should come down in a week or so..
ReplyDeleteYre,
ReplyDeleteI'm still in. It is coming very close to hitting my stop. I still think it will head lower if it comes across resistance at the 200 day MA. If not I'll just cut my loss and move on. Nothing seems to work well anymore...not the longs or the shorts. Market is acting just plain crazy lately.
Very nice negative reversal on ANF, by the way. This would be an ideal spot to add more to a short position or to initiate one in ANF
ReplyDeleteWhat say about FSLR
ReplyDeleteIf you haven't already shorted it, wait for FLSR to close below the 50 day MA (near its LOD) on heavy vol (over 6M). It needs some heavy selling pressure to finally crack down hard. Its not going to happen when the market is bouncing up over 400 points in an oversold bounce. Patience is key right now. Keep an eye on it and get in on it once it gets hit with some real distribution. Ignore the days where volume is just average or just above average...
ReplyDelete