AMAT - didn't re-short. I am short several other issues though, which I am ready to close when Naz goes south of 1900.
MU - Yes, still short. Almost closed them close to 40 with the idea of re-shorting the bounce, but too lazy for that and afraid to miss the plunge. Nonetheless, my 46.65 short is looking really good, and my first short at 48 even is looking even better. Have GTC buy set to 37.05. I did have it set at 36 originally, but this is still more than 10 points a share on average, so why get greedy?
A couple other shorts, based partially on comments from you:
CYMI - Shorted at the top at 33.95. GTC sell at 27 is waiting for the first bidder.
DPMI - Shorted at 54.02. Was underwater yesterday, but back to green today. GTC set to just over 40, but will likely raise that after I see the downward action.
MRK - Shorted at 75.06, thinking that it didn't have the strength to get back up to resistance at 77.5, where I would have liked to have shorted it. Hit that yesterday and today and is heading back down. 70 looks like a good target for this one. If the Dow is going to revisit the low 9000's, then it will likely take MRK along with it for company.
VLNC - Shorted at 7.50. So far resistance at 8.50 is holding. GTC sell set for 6.55. I should have given this more time, but so far it doesn't look too bad.
My worst short I got from other sources: CSC. I shorted at 35 and not surprisingly, it pulled back up towards 40 to retest support/resistance from 1996. If your turnips can bring CSC back down to 30, at least temporarily, I would be much obliged.
Thanks - GTC |
