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A Bearish Watch-List Just In Case

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February 12, 2014 – Comments (1) | RELATED TICKERS: BTU , SSYS , OPEN.DL

There's been no real use for the bearish watch-list over the past week or so as the market continues to rip higher at ferocious pace. No one is looking to short, only to cover. So keep this watch-list in case of emergency should the market decide to get bearish again in the near future. 

Overall the setups you are going to find with the watch-list below are those stocks that have had a significant sell-off already followed by a dead-cat bounce back up to key resistance levels (i.e. the neckline of a head and shoulders pattern). That is where you want to be shorting these stocks at. 

Here's the week's Bearish Watch-List:

1 Comments – Post Your Own

#1) On February 13, 2014 at 6:38 AM, malcolmcochran (63.29) wrote:

Well, I came to this page to hear about SSYS.

(But I see I own NOV and OVTI which are on your list.

Can't say I agree - NOV should wriggle ahead; OVTI - anybody's guess but a focussed boss always relaxes me.)

As for SSYS. Rubbish. Overpriced, neg earnings, future (I repeat, future) P/E about 30; hardly cheap.

Instead I own DASTY. 

DASTY is expensive and has a problem. It built superb 3-D modelling and drawing but (a) uses Windows and (b) needs to pay a Royalty to Siemens for some patent it uses. 

When MS updates its Windows OS, trouble occurs.

Under the counter, DASTY has all this taken care of. Modified product of its own - no Royalty - and its own OS.

But those who have paid handsomely for their system understandably don't want fork out for a different one. However, as time passes, newcomers will be offered the profitable-for-DASTY system and I see real growth. Because it is a needed tool.

Hence,  Long DASTY.

Malc

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