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  • Some New Short Sale Ideas 0 comments
    Jun 1, 2010 12:38 AM | about stocks: BKE, MED, ENER, GDP, DOLE, CHNG, SPWR, FUQI, ADY
    Some New Short Sale Ideas – 5/31/10
    May 31, 2010
    By Dr. Kellegro

    Let’s take a look at a several new ideas.

    I have two new long-term shorts that are fundamentally flawed in terms of market valuation. One (NYSE:MED) seems to be more technically ripe for shorting than the other. However, both are 100% fundamental posers. It would be wise to begin allocating into either or both, if you prefer. MED in the diet products space and BKE in the teen retail space.

    Then we have a couple new names to add to our growing list of stocks that are in the process of “death spirals”. When a companies stock price goes into death spiral mode, the daily ranges being contracting and a series of lower highs and lower lows begins slowly developing. These names often are beyond any reasonable support levels and the simple fact that there are a real lack of buyers, ends up sinking the names ever lower. I watch these names for sudden spikes on good news to commence short sale operations. So far on the list we have the following names: ENER, GDP, DOLE, CHNG, SPWRA. And as of today, I am adding: FUQI and ADY.

     

    BKE

     

     

     

     

     

     

     

     

     

    MED

     

    FUQI

     

    ADY

     

    SPWRA

    Tags: ady, bke, chng, dole, ener, fuqi, gdp, med, spwra

     



    Disclosure: None
    Stocks: BKE, MED, ENER, GDP, DOLE, CHNG, SPWR, FUQI, ADY
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