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...
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
5 Comments:
still in abax? or got out.. got in shorting ANF.. but not working so far.. sure should come down in a week or so..
Yre,
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.
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
What say about FSLR
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...
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