Short Plays

[tech/a]

With tommorow likely to begin a substantial corrective move this IS the time to set up for some short plays.

A few which have passed my analysis for the short side with Minimum risk and good Return. Most are wave 4 to now complete or at least start wave 5 in a down trend.

Thought it maybe of interest.


TTS
PDN
TAH*

Close stops.5% of initial Buy price.

Any more suggestions particularly those looking exhaustive at their highs?

 

[hangseng]

MMX
TAP
PNA
OXR
GBG
ARQ
BHP
SDL

And all a strong buy at the lows (if they occur) as recovery will be swift.

Below are unnaffected havens (just my view). IF I am wrong then the above applies as strong buys for both of these stocks on any low point.
CUL
MUN

 

[Ken]

Tabcorp's downside is limited I think.

Long term investors will charge in below $15.00 with the attractive yield.

Its most likely going to open around 14.90 to $15.00 so unless you went short on Friday I think the growth stocks are the ones to go short on rather than Tabcorp which long term investors will buy with attractive yields.

Just my opinion.

Cant see Tabcorp going below $14.50.

 

[vishalt]

Worley Parsons (WOR) imo,

The share has gone to $46.50 and it didn't have a pullback yet even on Friday when our index took a hit, its a lagging shortplay.

 

[chennyleeeee]

MUN was affected the last correction, if this turns out the same then I think that stock will also fall back. Its been going up with nothing new to substantiate it.

 

[hangseng]

MUN was affected the last correction, if this turns out the same then I think that stock will also fall back. Its been going up with nothing new to substantiate it.

I agree but as I said, if it does then it is a buy. MUN is in mine development now and will be producing early 2008, low mkt cap and cashed up with excellent resources that will develop with low capex. The anns post Aug justify the increase and MUN had gone unnoticed for some time before it went up. MUN is quite simply an undeniable quality stock IMO, if it falls I will gladly aquire what others don't see.

Looking closely today GGY has caught my attention as well, but not for a short play. Interesting post on HC with no comment today, just a chart displaying a distinct rounding bottom pattern. Both GGY and CUL went up strongly on a down market day and both look to have strong support. I notice KZL have increased their holding to just over 15% in GGY recently as well. One to watch.

 

[ta2693]

I prefer oil company
AKK
SGL
ADI
ARQ
KEY
NDO
BUR
OEC
IPM
MAE
PSA
GOP
PPP
BOE
I will use bucket strategy to build my oil portfolio tomorrow.
Maybe some coal companies tomorrow
ECU
GUJ
PRC

 

[IFocus]

Hi Tech

Questions on open do you short gaps hoping for gap and go but collect gap and bounce?

If you go with a gap on on open what the maximum % gap?

Do you short over bought or over sold?

Do you short the weakest stocks in down trends?

What about a sector? rotation from one to another?

I tend to be more conservative and like to see movement though support and watch so the stops get fired off adding momentum.

Just some thoughts hope it helps

Focus

 

[Ken]

I think these stocks are in some trouble tomorrow.

PTM
CPU
AIO
JHX
BLD
CSR
NWS

a lot of these stocks are in down trends already

 

[Fab]

Technically BHP is a short.
I believe calling short for tomorrow is easy as the market as a whole is likely to plummet

 

[tech/a]

Technically BHP is a short.
I believe calling short for tomorrow is easy as the market as a whole is likely to plummet

That it is.
But with many analysts expecting a possible pullback toward the August lows the earliest you can get set is TOMMOROW.

Then look for opportunities long side when buyers come back in.

Easy eh!

 

[It's Snake Pliskin]

Worley Parsons (WOR) imo,

The share has gone to $46.50 and it didn't have a pullback yet even on Friday when our index took a hit, its a lagging shortplay.

A rather bullish stock. Of my studies of short plays bullish stocks are not to be messed with. Experience tells me that too.

Tech,
Are you actually TRADING or just playing with concepts?

 

[tech/a]

Weakest against the index with good setups are
ILU
TCL
ALL*

BHP is also weak according to analysis.(Feel this is temporary).

 

[>Apocalypto<]

Technically BHP is a short.
I believe calling short for tomorrow is easy as the market as a whole is likely to plummet

I disagree with you,

BHP looks much better technically then RIO.

Rio trend broken, lower high already seen new trend is down.

BHP still on its short term trend line just starting to form a band. (Monday most likely a fall.)

from looking at the charts BHP looks in a better situation to me then RIO.

Monday could knock em both for six though!

 

[>Apocalypto<]

From a shorting point of view, the miners could be good they seem to get hit hard in most sell downs.

from a TA point of view I like MBL

Down trend confirmed i notice quite similar spacing between the highs. two orange lines are rough targets but they are simple previous resistance and support targets.

 

[Jadefox]

The more vulnerable financials might be the safer bets. MBL one of them. BKX breaking down in US. Stocks that have run up too hard since August also at risk.

 

[nikki]

BHP is due to release quarterly report on wednesday (i think). Shorting it tommorrow might be an idea but riskier on tuesday and wednesday.

I agree with shorting mining stocks generally - easy come easy go??

 

[overule]

Today, shares are pretty bad.

What do you guys think of tomorrow ?

 

[Ken]

DID ANYONE go short on Aristocrat? ALL

They fell 15%!

On court case fears, and bad full year report.

The US dollar is really affecting them.

I went long @ 11.55.

I felt there was some panic selling.

Only got 500.

 

[CanOz]

Weakest against the index with good setups are
ILU
TCL
ALL*

BHP is also weak according to analysis.(Feel this is temporary).

ALL* - Brilliant if you got that 15% drop!