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SharePlanner (< 20)

Lazy Trade: Short & Short: FB & SWHC

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July 30, 2012 – Comments (1) | RELATED TICKERS: FB , SWHC

I know I typically do a long & short setup but today, I'm feeling a little more bearish than usual, and so I focused my efforts on finding some short setups. Over the weekend the SharePlanner Reversal Indicator also went bearish, which has weighed heavily on my thinking as well. 

We also saw the market trade into positive territory early on this morning, only to fall back into negative territory, which quite frankly is not the kind of day that I like to get long on either.

I've added Facebook (FB) and Smith & Wesson (SWHC) both to my portfolio, and they are still showing great opportunities to still get short on. 

Here's today's Lazy Trades:

SHORT: Facebook (FB)

SHORT: Smith & Wesson (SWHC)

 

1 Comments – Post Your Own

#1) On August 01, 2012 at 6:42 PM, skerzz (< 20) wrote:

Why would you short SWHC with record amounts of guns being sold in the country right now?  Look at RGR's earnings beat that they announced today.... Q2 11 vs. Q2 12 revenue growth of 50%+.  Sales should remain strong through October.  If O is re-elected you can count on 4+ more years of record guns sales in this country. 

 

 

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