Some good long and short candidates out there as parts of
the market are bid up a bit.
Long: AVCI, CORV, OCPI, ONIS, SCMR (just added CORV and calls on SCMR)
Short: Some credit companies are rising and approaching gap resistanace--COF, HI--as are some large sellers to consumers--F--and money providers/caretakers--C. For me each new tech position would be half for a LT hold, half for a ST gain if it rises. I'd keep a tight stop on shorts if I shorted.
Has anyone read a good, web-posted commentary on whether, how, and to what extent short selling creates selling pressure, as often said? I see pressure to buy back, but I struggle to see how borrowing shares creates selling pressure. Seems as though long shares would be fewer, which wouldn't make them cheaper and cause a price decline, unless mere short interest is assumed to scare away buyers.
I haven't shorted since the attacks but now I see enough reason to that I'm pondering the facts behind the emotions. |
