SHORT ME TINA
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SHORT ME TINA
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Watchlist 3/7/16-3/11/16
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Smith & Wesson Holding Corporation (SWHC)
I guess Americans love their guns; Smith and Wesson reported a stellar quarter this past Friday, and is up a good 6% because of it. Last week; I indicated 26-28 were important zones of interest. They still are. Initiating a short position anywhere between 28-30 represents minimal risk; anything above and I stop out for a loss. |
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Twitter, Inc. (TWTR)
From a purely technical stand point; this stock has broken out of it's decline. I am looking to enter a long position; preferably at a lower price (to take on as little risk as possible). Looking to enter long around 17-18 zone. |
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Darling Ingredients Inc. (DAR)
Another earnings winner that ran up a few points in a short amount of time. I am paying close attention to the 12-13 area. If the trading range can stay below that descending trend line (arrow is pointing to it in the graph on your left) we are in a downward trend. If it breaches above that line and drifts further away, the bulls remain active. |
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SeaDrill Limited (SDRL)
Stock gained over 130% on Friday. In ONE day. I always like to put these run ups into perspective. If you invested $1000 dollars in this stock on Friday; you would have walked away with well over $2000. I prefer this as a short but I am no hero; therefore I will wait for confirmation of a downtrend before shorting. Ideally; I would want this to spike to the 7s again; and I would initiate a short around those levels. Stopping out around 9; which would prove to me; I am wrong on the short thesis. |
Last week was an interesting week for the stock market. If you looked away for too long; you would be completely amazed to realize the S&P have made a powerful comeback; and we sit right around a pivot area (2000 ish).
I am currently short the SPX via SPXU.
I am currently short the SPX via SPXU.
Recap (calculated by taking closing price of stock when placed on watchlist and current closing price)
Important note: As a trader; I seldom allow a position to go 15% against me. It is crucial (when you begin to understand it's a game of math/numbers) to develop stop loss rules for yourself.
GlUU (15%)
FIT 5%
SGMS (15%)
Important note: As a trader; I seldom allow a position to go 15% against me. It is crucial (when you begin to understand it's a game of math/numbers) to develop stop loss rules for yourself.
GlUU (15%)
FIT 5%
SGMS (15%)
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Email me at [email protected] with any questions.
Email me at [email protected] with any questions.
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisors with respect to their investments. Author is short the $SPX via $SPXU, short $DAR, $SWHC.
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