SHORT ME TINA
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SHORT ME TINA
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Watchlist 2/16/16-2/19/16
LULU-Lululemon Athletica Inc
My motto is, “if it aint broke; don’t try to fix it” and this short has proved to be a good one for the past two weeks. It crashed hard on Tuesday but has since rebounded. Another short opportunity has presented itself if you missed the initial. Remember in this environment, you want to short spikes.
FB-Facebook
This short continues to pay out well. If you missed this short when we initially placed it on our shortlist; another opportunity is possibly about to present itself. Look to short any spike in price. I think 107 and above are good areas to consider initiating a short.
Also watching EXPE, AKAM and KORS for potential shorts at the right price.
Speculative Long
Gluu- Glu Mobile
If you follow me on Stocktwits or Twitter; you know I am very vocal and was extremely critical of the company and its execution of games. But a lot of developments have occurred in the past few weeks (signing Taylor Swift; Tencent buying over 3 million of stock; 2/18 launch of Kendal and Kylie) to make me bullish short term.
At this point; the risk/reward is in your favor. Plenty of upside w/ limited downside. It has held support and is trading above its 50day. If it breaks its 50 day; I will sell for a loss. It isn’t a “speculative long” in the traditional sense. That is; the company has no debt and has turned a profit quarter over quarter; growing at a healthy rate YoY. However, considering the overall macro conditions; a collapse in the market can potentially drag this down. I would allocate 5-7% of entire trading capital to this one.
Quick ReCap
If you read our end of January review you will notice that “The Bad” is currently playing out. The S&P dipped below a major support level last week and we are currently in a market correction. Remain cautious if you've never traded a market like this.
My motto is, “if it aint broke; don’t try to fix it” and this short has proved to be a good one for the past two weeks. It crashed hard on Tuesday but has since rebounded. Another short opportunity has presented itself if you missed the initial. Remember in this environment, you want to short spikes.
FB-Facebook
This short continues to pay out well. If you missed this short when we initially placed it on our shortlist; another opportunity is possibly about to present itself. Look to short any spike in price. I think 107 and above are good areas to consider initiating a short.
Also watching EXPE, AKAM and KORS for potential shorts at the right price.
Speculative Long
Gluu- Glu Mobile
If you follow me on Stocktwits or Twitter; you know I am very vocal and was extremely critical of the company and its execution of games. But a lot of developments have occurred in the past few weeks (signing Taylor Swift; Tencent buying over 3 million of stock; 2/18 launch of Kendal and Kylie) to make me bullish short term.
At this point; the risk/reward is in your favor. Plenty of upside w/ limited downside. It has held support and is trading above its 50day. If it breaks its 50 day; I will sell for a loss. It isn’t a “speculative long” in the traditional sense. That is; the company has no debt and has turned a profit quarter over quarter; growing at a healthy rate YoY. However, considering the overall macro conditions; a collapse in the market can potentially drag this down. I would allocate 5-7% of entire trading capital to this one.
Quick ReCap
If you read our end of January review you will notice that “The Bad” is currently playing out. The S&P dipped below a major support level last week and we are currently in a market correction. Remain cautious if you've never traded a market like this.
Last Weeks Recap
FB- +2%
LULU +2%
(+10% if you sold at Tuesday’s low)
GLNG +10%
(+20% if you sold at Tuesday’s low)
Click here for January's Recap
FB- +2%
LULU +2%
(+10% if you sold at Tuesday’s low)
GLNG +10%
(+20% if you sold at Tuesday’s low)
Click here for January's Recap
Side Note: You don’t need luck when you trade good set-ups; focus on risk management and cut losers quickly.
Don’t forget to follow ShortMeTina on Twitter, Facebook and Instagram. Email me at tina@shortmetina.com with any questions.
Don’t forget to follow ShortMeTina on Twitter, Facebook and Instagram. Email me at tina@shortmetina.com with any questions.
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