This entry was posted on Friday, July 20th, 2007 at 10:04 pm and is filed under shorts are longs?, stuff. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
After such a large down day I will want to add 2 positions to our long only portfolio of 5 potential holdings, derived from other websites’ short recommendations. So do some research and forward me links as well as you own ideas before Monday. Today being down so much should provide plenty of fodder for the ugly ugly chart patterns.
If you don’t wish to leave a comment you can always email me directly at dayvejohnson@gmail.com
This was a good week for intraday trading in the chatroom. In the room I have only been posting my major intraday turn calls. These will trigger on average about twice per day. For those that have been there the past two weeks I think many myths have been dispelled and a good deal of money made on very few trades. In the spreadsheet we used to track live trades you’ll see some 3 and other 4 position trades in the SP500 futures contract. Those positions sizes are my call and it make it easier for new users to scale out like myself. I trade 3 times the base multiple so my take on this very specific setup was around $4400. Not bad for 7 trades.
Again I need you guys to find me short setups and send them along.
Have a Great Night!
Dave Johnson
July 21st, 2007 at 12:31 am
http://www.tradersteve.com/pictures/zlc.gif
http://www.tradersteve.com/pictures/vly.gif
I would go short either of those on the break of fridays low
July 21st, 2007 at 7:19 am
Steve:
thanks for the submission but I need a trade for Mondays open. Not something that would trigger intraday. Cmon there has to be an ugly chart or 2 you like.
July 21st, 2007 at 10:33 pm
Check out: DRIV, PTRY, MS, GS, BSC, KBH, DLTR, PLCE, SEPR, X, KSS, TSO, CAH, JOE, DSL, RDN, FRX
July 21st, 2007 at 10:38 pm
Forgot about including links, so here’s a few more that do:
CVG, NT
http://stockpickr.com/port/Goldman-Sachs-Least-Favorite-Stocks/
July 22nd, 2007 at 10:50 am
Trade-for-Life is looking into playing short on VRSN this coming week. Could this be one of your long candidate?
July 22nd, 2007 at 7:22 pm
George can you give me a link to that post? I am such a dweb because don’t read other blogs.