GU - Closed green at 20.34%
RMTI - Finished the day green at 54.68% and up 91.46% since last Wednesday.
NUHC - Another stock with a crazy finish, up green at 46.00%. I hope someone can get shares and short the crap out of this stock.
PTIX - Crazy finish at the end of the day, closing green at 18.91%...just begging to be shorted.
TZOO - Closed in the green today at 10.00%. Otherwise the stock hasn't done a thing until today.
CCRT - End of the day spiker that looks to be a good quick short if shares are available to you.
HZO - Closed out the day green at 54.76% on no news. Any sign of red action is the go signal!
MNI - Finished the day in the green up 16.97%. This should be a profitable short if you can get shares to borrow.
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6 comments:
Hello Il Torello,
Thank You for the stock picks:
I was looking at the chart for HZO and see what you mean by a steady intraday trading range.
Does the volume of this stock worry you? From the chart there is a spike in volume from $ 2.5 to $ 3.0 range, I assume that when this stock hit red everyone will dump there stock could this cause a problem in executing the shorting trade?
Thank You
Ron
Ron...I always keep a close eye on volume to gauge how much interest there is in the stock. I don't short stocks that still have lots of volume in them. As far as executing your short sell, you just have to be smart when you place your market order and it'll get executed.
Hello Il Torello
Thank you for the reply.
What volume range do you look for to short a stock?
Why do you not short stocks with lots of volume?
How do you make sure that when placing an order, its done correct?
The beginner!
Ron
Ron...no problem dude. Volume is an indicator of interest in a stock, whether it's interest in selling or buying of the stock. I favor volume that's below than the average daily volume. For instance, HZO today had lots of volume, lots of interest, and the price held even though the Market was down big today. When I short sell, I use a Market order and I place the price a cent or two lower than its current Bid. The stocks I deal with now don't move as fast so I don't have a problem getting an execution, compared to when I used to trade AAPL, RIMM, etc.
Ron...sorry about the lengthy response...I hope it was clear though.
Hello Il Torello
Thank You for answering my questions.
Talk to you soon
Ron
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