My Home About Me

When a stock rallies from 1.50 to 8.50 in less than three weeks it looks like a great candidate for a short sale to many people. I tried to enter shorts at three different brokerage firms and there were no shares available at all three firms. It looks like the "obvious trade" is already crowded. Obvious trades rarely work which is why I am LONG SCON right now for a trade. The stock pulled back to the Volume Weighted Average Price (VWAP) since the move began on August 20. My thinking is that this level will provide short term support for the stock and the early shorts will scramble with buy orders to protect themselves. It is a risky trade and my stop is just below the low of the day. I will likely exit this trade before the close today.

January Affect   Amateur Investors   Dow Performance   emini's S&P 500   economic data   earnings   Biotech HOLDR (BBH)   Technical chart patterns   support/resistance levels   ETFs (exchange traded funds)   Deron Wagner   trading   Finding a market bottom   Emini's Nas 100   Exchange Traded Funds   ETFs   investing   Relative strength ETF trading   Market Vectors Russia ETF   Inflation