Shorting V
By Brett Goldstein on Apr 29, 2008
43 Responses to “Shorting V”
It stopped 2 cents above yesterdays high and started to pull back. I figured the run was done at 77.30. Boy I was wrong. I covered at 77.30 and re shorted it again at the close. I re shorted it because mastercard came off its highs so I think V may follow. This will probably become a botched trade but we`ll see how it plays out.
Brett, it’s a gutsy move shorting V. MA and V are wall street darlings. I would say set a very tight stop.
I hope it works out for you bud. I do like how there aren’t a lot of people thinking of shorting V…usually a good sign! As for me, I like a short on oil these days.
Thanks Alex, I hope that it works out as well. It is more of a risky gamble, I am not too confident with shorting Visa but I am doing it anyways.. I like a short on oil as well. I went long DCR at 3.50 thanks to DOUG and I am still short USO. I really wished USO would have hit 100 cause I would have bought a boatload of puts.
V—shorted at 84.31 today holding for 80 area possibly 78 —-trade will work
u got smoked
OK–Anyone looking at V today??–Was confident the trade was gonna work–of course you can never be 100% sure with the mkts
My target on V is 78 area maybe a bit higher
Btw,No stops used on this trade–never use stops–can’t seem to put them in the right place anyway lol
I did get smoked on my first short but came out pretty good after all. I bought a bunch of puts this morning on the gap up and cashed in.
Hi, if you never want to miss news that can move your stocks, then sign up for free at easystockalerts.com Hope this will work out for you.
Good luck!
My next short is SOHU–around 77 maybe a bit higher—watch it—think we will see 72.50 area
No stops used–just watch it
Did not short SOHU–yet–think it may go a bit higher on Monday—looking at the 79.40–80 area
as possible short entry
I will def be watching SOHU for the opportunity to buy a massive amounts of puts for a quick day trade.
Hey Brett–I shorted SOHU this morning at 77.48 and just covered a few min ago at 75.78
Still think it has more downside but I couldnt watch it so I covered it
Do you want me to post more trades that I do??
Im just watching AAPL now closely
Im out of my SKF this morning with a buck 10–think I got out too early on that one
BTW I mostly do short trades and daytrades but will do swing trades from time to time
PS I WAS LONG SKF(ULTRASHORT FINANCIALS ETF)
BRETT–Gettin close with AAPL–Will definitely short over 185 area—my target 178 initially
maybe lower
OK IM SHORT AAPL–184.47—-MAYBE A BIT EARLY BUT THIS TRADE SHOULD WORK
Brett–U watching AAPL—gonna cover soon
Brett–covered my short on AAPL at 182.46—2.00 buck profit—still think it has little more downside but movin on now
New trade–gonna short XLE around the 85 area–should it get there
and lookin at X–to short over 173
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Hi, if you never want to miss news that can move your stocks, then sign up for free at easystockalerts.com Hope this will work out for you.
Good luck!
Nice trades ARL. How do u like SHOU today. I 4got all about it . Was goning to buy some puts. I am holding my X puts and think they will pay off. Keep up with the good trades
Brett—Im not following SOHU anymore—made my $$ and moved on
Im lookin at IBM to short but not here not yet
ARE U WATCHIN X–thats gonna be a good short soon real soon
Those X puts will work for you–I am fairly confident
I make make the trade soon
Best in your trades
ARL
PS I was gonna short GS at 198 a few days ago–was involved with other trades and didnt follow it closely–Oh well cant catch them all
Hey ARL, I have been watching X and have had 5 heart attacks as it approached 174 yesterday. But its down some today and hoping for more to come.
SHORT TODAY CNX at 91.82–Target 86 area–took half my normal position but will add if it moves higher
Still watchin X-remember my target at 162-63 area
Bought DUG at 29.46–target 34.50-35 area
V did get to my target but I had no patience BUT will hold CNX and DUG
X–may(not sure) run some stops–then think it will fake out and drop
Shorting RIMM at 140.48 now –lookin for 135ish area or bit lower
Still with CNX and DUG
Correction on CNX entry–90.82 target 86 area
Brett—Im back watchin SOHU again for a short(what else).Shorting right now is a bit risky in my opinion—see rimm,bidu etc but it will be better soon–I think..I may cover my RIMM short with a few bucks -nothing to write home about—-think i was early there–but if I do I will look to reshort it on a move up to yesterdays highs–Still holding my shorts on the above mentioned trades
Covered my RIMM short at 139.98—following it–to short again
ADDING TO MY CNX POSITION SHORT IN THE 95.50 AREA.TOOK HALF POSITION NOW ADDING REST
I agree wih you. but if you never want to miss news that can move your stocks, then sign up for free at easystockalerts.com Hope this will work out for you.
Good luck!
OK MAKING MONEY IN CNX LOOKIN FOR 88 area
DUG WORKIN OUT TOO
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V is still rising in its trend so I would not short it yet. However on a close below $75.00, it may turn out to be a potential candidate for a good short.
Have a look at http://www.sharesmadeeasy.com - a free trader’s blog that highlights entry signals into stocks to buy and sell short.
WallStreetTrader
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Somx at 33 cents now at 42 cents
Somaxon Pharmaceuticals, Inc
insiders are buying huge amounts of stocks
I just bought some too. you might want to check it out
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Bold move - shorting V. This thing is like a freight train on crack.
I agree with you that this thing is way too extended to the upside - it should pull back at some point.