More Shorts

Forgot about these.

FSYS


CF

Update: FSYS

Acting very strong so far +8%, at the high end of the channel. Can it break out from here? Maybe. But I don't see it being strong yet, a pullback is needed. Oil is currently at HOD, rallying with the market like I predicted.

FSYS, LULU

FSYS is looking strong after a pullback. I am still waiting for more conviction before I act, especially with my bearish view on crude.

LULU formed a temporary bottom at 23. I was tempted to buy, but I was afraid it would just stop me out of a quick loss (which it probably would have at 22.8), so I never bought. Now it is at 24 and change. I will wait to buy this on weakness in the 23s.

Also, I need to reevaluate the sectors I trade in and see if any are bottoming.

FSYS

Showing some real strength this am, looks poised to break its channel. But can it sustain this move with oil headed lower?

FSYS

Check out FSYS, no time for a chart, but it is at the lower level of the channel I drew earlier. I am not necessarily recommending this for a long, but if market picks up, this can be a huge performer. IF.

Update: LULU, WNR, FSYS

FSYS currently -10%
LULU +4%
WNR rallying from the open.

I currently have 0 holdings, but LULU looks interesting around 21 (I will wait for further consolidation).

UPDATE: bought a few shares of LULU @ 21.4, couldn't resist. Stop loss (maybe) at break even.

UPDATE 2:
Stocks ended: LULU +7.7%, WNR +5%, FSYS -5.5%

WNR had a 14% turnaround from open to close.

FSYS

FSYS short still looks very good, if the bottom gives way in this stock, then look out!


A closer look. And we see that the first target is the 46-48 ranges.


I would play this very tight. It is still in a longer term uptrend, so if this trade goes against you, bail out ASAP.

FSYS

Bearish on FSYS.



With a stop at 54. Keep it tight.

FSYS

Out of FSYS for a small loss. Will see how it acts rest of today and tomorrow.

FSYS

FSYS is testing its recent downtrend, will it hold? If it gets rejected here that would be very good bearish signal. Today, FSYS started in the red and fought its way all the way to +6.5%, I am currently short the stock with a stop at todays high, 53.5. But the better play is to wait and see how it acts the rest of today and tomorrow before shorting. If this stock has topped then it could easily to go the high 30s.