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I am not an investment professional. I do not engage in stock or currency trading. I am a blogger and investor who believes the failure of credit has created an investment demand for gold, and that gold bullion is the sole means of wealth preservation.
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  • Short Selling Recommendations For January 4, 2011 0 comments
    Jan 4, 2011 10:44 PM | about stocks: BRNC, PDCE, IO, DAR, RCII, DECK, ZUMZ, LULU, TSCO, ACAT, SAM, TR, IILG, WNR, TXI, GDXJ, SSRI, GDX, MTRN, NEU, CHIM, KOG, ZINC, HW, AUSE, LOW, SCIF, SIVB, OXPS, NNI, FLR, SLXP, TBI, SFL, ARII, GSM, PKOH, IDT, ACPW, MEAS, QUIK, AVID, PPO, GWR, PETM, TIF, GME, PNRA, LATM, CCU, UFI, FLOW, CPX, TRS, WWWW, ININ
    Presented below is a listing of stock recommended for short selling on January 4, 2011 as based upon their chart performance for the day.


    Small Cap Energy Stocks
    Bronco Drilling, BRNC,
    Petroleum Development Corp,  PETD,
    ION Geophysical, IO,

    Small Cap Consumer Stocks
    Darling, DAR,
    Rent A Center, RCII
    Deckers Outdoor, DECK,
    Zumiez, ZUMZ,
    Lulu, LULU,
    Tractor Supply, TSCO,
    Artic Cat, ACAT,
    Boston Beer, SAM,
    Tootsie Roll, TR,



    Interval Leisure,
    IILG, Note that the stock has already entered into an Elliott Wave 3 Down sell off




    Basic Materials Stocks

    Western Refining, WNR,
    Texas Industries, TXI,
    Junior Gold Mining Shares, GDXJ,
    Silver Standard Resources, SSRI,
    Gold Mining Companies, GDX,
    Brush Engineered Materials, BW,
    NewMarket, NEU,
    China Materials, CHIM,
    Silver Standard Resources, SSRI,
    Kodiac Oil And Gas, KOG,
    ION Geophysical, IO,   

    Industrial Metal Equities
    Horsehead Holding, ZINC,
    Headwaters, HW,

    Uranium Miners
    Dennison Mines, DNN,

    Home Builders And Home Improvement Stores
    Lowes, LOW, The company entered into an Elliott Wave 3 Down today.

    India Small Caps
    The India Small Caps ETF SCIF

    Nasdaq Community Banks
    SVB Financial, SIVB,

    Small Cap Revenue Stocks
    Options Express, OXPS,
    Nelnet, NNI,
    Nicholas Financial, NICK,

    Design And Build Industry Stocks
    Fluor, FLR,

    Small Cap Health Care Stocks
    Salix Pharmaceuticals: SLXP,

    Business Service Providers
    True Blue, TBI
    Ship Finance, SFL

    Metal Manufacturing Stocks

    American Railcar, ARII,  
    Globe Specialty Metals, GSM,
    Park Ohio Holding, PKOH,

    Diversified Communication Providers
    IDT Corp, IDT

    Small Cap Technology Stocks
    Active Power, ACPW,
    Measurement Specialties, MEAS
    QuickLogic, QUIK
    Avid Technology, AVID
    Polypore, PPO,

    Railroad Stocks
    Genesee and Wyoming Railroad, GWR

    Retail Stocks
    PETsMAR, PETM,
    Tiffany and Co, TIF,
    Gamestop, GME,

    Restaurants
    Panera Bread, PNRA,
    Ruths, RUTH

    Latin America Stocks
    The Latin America ETF, LATM,
    Companias Cervecerias, CCU,  

    Textile Manufacturers
    Unify, UFI

    Small Cap Industrial Stocks
    Flow International, FLOW  
    Complete Production Service, CPX
    Trimas, TRS

    Software Manufacturers
    Web.com.Group, WWWW
    Interactive Intelligence, ININ
    Live Person, LPSN,

    Internet Stocks
    Internet Capital Group, ICGE,  
    Priceline, PCLN,



    Environmental Service Companies

    Nalco Holding, NLC

    Country ETFs
    Switzerland, EWL,
    New Zealand, ENZL,
    Australian Bank: Westpac Banking, WBK,
    Australia, EWA; fell sharply after having manifested an evening star candlestick pattern yesterday in what analysts called the Bank of America Rally



    The chart of the Australian Dollar,
    FXA, shows that competitive currency devaluation is now underway at the hands of the currency traders. Notice how the Aussie broke out of a diamond triangle pattern and rallied to th end of the year



    Real Estate
    Real Estate: Asset Management: MCG Capital MCGC
    Real Estate: Office REIT, Capital Lease, LSE,

    Semiconductors,
    IPG Phototronics, IPGP

    Chart of the Day is that of Asia Excluding Japan High Yielding Securities, DNH, It illustrates that moneyness came to Asia on a higher Australian Dollar, FXA, as investors sought a supposed safe haven investment from the Sovereign Debt Crisis. Competitive currency devaluation at the hands of the currency traders is now underway as they are calling the major currencies, DBV, lower against the US Dollar, $USD, at the current time.



    Summary
    Chart after chart from the above presentation reflects that the world has passed through an inflection point: that is it has passed from the age of expansion and age of leveraging  … and into the age of contraction and the age of delveraging.

    Probably the greatest currency carry trade of all time has been the purchase of the Swiss Franc, FXF, and the sell of the Euro, FXE, as savvy investors saw the European convergence carry traded ending with the onset of the European Soveign Debt Crisis.

    These astute individuals sold out of the Euro and borrowed Swiss Francs at Austrian and Switzerland Banks and invested via the neoliberal Milton Friedman Free To Choose currency regime in Estonia, where according to Bespoke Investment Group Blog, the convergence carry trade coming from Estonia joining the Euro provided a 2010 return of 72%. Might it be that the Swiss Franc, FXF, will fall faster for a while than the Euro, FXE?  Here is the chart of The Swiss Franc - Euro Carry Trade, FXF:FXE.




    I believe that carry trade investing in Estonia will quickly unwind, leaving the people living there wondering what has happened to their country and their stock market; yes soon, those living in that nation will be asking if surrendering their fiscal sovereignty and fiscal seigniorage was a good idea.  


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