Thursday, April 07, 2005

Shorts

GGG 50 dma breakdown on heavy trade. This is not the best time to short it. A small rally on low volume would be the opportune time. Cut the loss at 40.

INFY 50 dma rollover breakdown on heavy volume

BBW is breaking down for a second time in a row on strong volume. A rally on low volume makes a good short opportunity.

RNOW has bumped and failed at its 50 dma continuing its downtrend. Cut loss with a move over 50dma

SRVY another IPO short. These are the ones I like. High volume 50 dma soon to come failure. Wait for the actual break before taking a position. Once it breaks and starts moving lower use the 50 dma to cut the loss.

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