Use access key #2 to skip to page content.

SharePlanner (< 20)

I Added 5 New Short Positions To My Portfolio

Recs

3

June 07, 2010 – Comments (3) | RELATED TICKERS: MRK , LINE , INFY

Today was one of the more eventful days for me in the market in quite some time. Determined that any kind of bounce, no matter how big or how small,  I would short it - and I did exactly that. I added 6 new positions today: 5 shorts and 1 long with the latter being the Gold ETF (GLD), which I'll provide a chart on tomorrow. You'll recall that URBN (shown below) was highlighted this morning as the daily setup of the day. I would have gotten into JST as well, but there weren't any shares to be borrowed - that's a shame, because it truly had a horrendous day.

If we get a bounce tomorrow (futures are up at the time of this post), I'll probably use it as an opportunity to add additional short positions to the portfolio.

I'll be posting my short-watch list tomorrow night as I do every week.

SHORT: Infosys Technologies (INFY)

SHORT: Linn Energy (LINE)

SHORT: Merck (MRK)

SHORT: Toro (TTC)

SHORT: Urban Outfitters (URBN)

3 Comments – Post Your Own

#1) On June 08, 2010 at 12:29 AM, 1315623493 wrote:

I'd never short MRK. They have great fundamentals. 

Report this comment
#2) On June 08, 2010 at 1:12 AM, awallejr (82.68) wrote:

Why would you short LINE when the one commodity that has been rising is Nat Gas?

Report this comment
#3) On July 06, 2010 at 5:03 AM, djshagggyd (69.91) wrote:

Yeah... not sure if I understand the reasoning for shorting Linn Energy. But then again... there's a lot I don't understand.

Best of luck,

~djshagggyd 

Report this comment

Featured Broker Partners


Advertisement