Steve, my advice to you is to quit betting on declines. I've spent 13 years applying all kinds of mathematical models to the stock market, and I've come to believe that all the theories of "support" and "resistance" levels are unreliable, along with the 50 and 200 day moving averages, as guidelines for trading stocks.
The NATURAL direction for the stock market and for a company is UP. Human beings make progress as history proceeds. We work and attain new efficiencies, which makes the cost of production lower, which makes us all richer! Yes, some stocks go from 80 to 1. But, SUNW is not a likely candidate for that. Shorting (and puts) are a high-risk game. Now -- my web site has a pretty good record for predicting the dips, so if you're purely a short-term trader, I could maybe help you there. But, still, my overall advice is not to short (or buy puts). Especially for a company that is at the forefront of technology, as SUNW is!
I dislike some things they do too -- but I'd never sell them short!
Kevin |
