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3 New Positions This Morning To Report

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January 20, 2011 – Comments (0) | RELATED TICKERS: T , QID , PII

I'm not willing to say that the lights have been turned out on the bull's rally parade of late, but I do think they are looking at some major problems here, that they need to soon correct, before the bears are finally resuscitated back to life. In my short positions that I executed this morning, I basically looked for stocks that would give me  low-risk setup, that should the bulls bounce back from this sell-off, I wouldn't feel to much pain in the process. 

SHORT: AT&T (T) - Short at 28.22

LONG: ProShares UltraShort QQQ (QID) - Long at $10.86

SHORT: Polaris Industries (PII) - Short at $73.23 

 

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