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Follow Up: How To Short Sell Momentum Stocks

|Includes: Alimera Sciences, Inc. (ALIM), LIVE

I wanted to post these 1 minute charts from today, 1/21, to illustrate how profitable short selling can be. These were from my watch list for today. Here is my tweet from 1/17 "$ALIM $LIVE $INFI main watches for Tuesday. Enjoy the three day weekend y'all"

LiveDeal Inc. (NASDAQ: LIVE) had a gap up out of the open and pushed toward 16. It topped out around 15.75 (round number) then pulled back and made a lower high. This is EXACTLY what I look for. Textbook setup. The stock went on to washout through 11.50. Huge opportunity for big profits. The play was to open the position (1/3 size) around 15.50-15.75 with risk on 16 break then size in on the lower high and ride the trend.

Alimera Sciences Inc. (NASDAQ: ALIM) gapped up as well and topped out around 8.25 (round number again). The stock put in a lower high around 8 then went on to flush down through 7. This is not the setup I planned for but I was prepared by coming to the market early and noticed that ALIM was up pre market. Another big opportunity.