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Wednesday, February 13, 2008

Shorts: DECK and PCU

I went short DECK (118.20) and PCU (100.64) today. Both small, 100 share position sizes. Both shot up on weak volume, along with the market, followed by a failure at major S/R levels. PCU closed under the 200 day moving average, which it had mounted earlier in the day.



DECK is speculative short in the sense that I did not wait for a break of the moving average. The technicals stink, but there still may be a bounce left in this fad stock before it ultimately crashes.



I had some technical difficulties with my mic, so the promised video will be delayed until I can get a new one.
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2 comments:

  1. Anonymous8:27 AM

    I told you you were lucky with your short with fslr take a look at fslr now.

    ReplyDelete
  2. The Market Speculator9:18 AM

    It's not luck, grasshopper. If it was, I would consistently be the luckiest man alive.

    ReplyDelete