Top Reversals

[BottomBounce]

$CGC Canopy Growth Marijuana has $1.23 Billion in cash.
Stock symbol $CGC

[Garden Rose]

https://gab.com/SpeakLoudNClear/posts/107831314346003960

[Garden Rose]

1

[surf1944]

I'll be covering some of my short positions today. Even with all the up trending in many stocks, the short side has also made some good $$$.

[surf1944]

30% short in my accounts now, the overall market(not penny's that are still strong) looking like it has made the decision to go south.

[surf1944]

Some short trades are working today, AAPL,GS,BIDU

[surf1944]

GS may retest the $200 area, shorting today for a trade(many of the short trades I place are day trades, unless we really tank) Currently 95% long 5% short in my accounts.

surf

[FinancialAdvisor]

wow, GS really broke out past the $200 marker!!! Whole market on roids...

[surf1944]

Shorted some FFIV today.....Again these shorts are to hedge my long position if the overall market really begins to fall.
Also, shorted DIA(etf for the DJIA).

surf

[surf1944]

Just shorted some GS, the risk maybe only to the old high of $206.

surf

[surf1944]

GS, not must risk to the upside. It usually gets wacked in a sell-off.

surf

[FinancialAdvisor]

Short GS (?): $199.05

[surf1944]

The DOW can fall 2000 points and still be in an uptrend and ETF funds make it easy to short the market.

[FinancialAdvisor]

Agree, you can start with the Dow 30 ;)

[surf1944]

Looks like it may be time to wake this site up! The market may be about ready to roll again(did the same thing this time last year)Already making a short list for large cap and some ETF funds.

surf

[FinancialAdvisor]

TZOO - $50.15+

[FinancialAdvisor]

WLSN a screaming short here again @ $5.85+!!

[DeeDee]

Agree. Target 4.25.

[FinancialAdvisor]

WLSN, it's time to short this one, gapped up today on large volume vs. what it usually gets. At MINIMAL it will pull back to the 20 day SMA!>>>

[FinancialAdvisor]

SMSI, get ready to hop on this one!! Currently asking $4.52, but it's fully marginable! May run a little more than that, but then it should offer a nice short opportunity!>>>

[DeeDee]

Great board, Fin!

[FinancialAdvisor]

WLSN for later this week, possibly tomorrow, watch how it reacts after it surpasses $5, this is a retail stock folks, surely it will come back down to earth!! >>>

[FinancialAdvisor]

NTMD, wow is this one going to fall fast after it spikes or what?!?!? Look for euphoria to lead to panic, watch for an intraday volume spike, or if this gaps up big enough tomorrow, you'll know for sure, this is just on an incredible tear!! Be sure to keep tight stop losses, and lock in profits, this has had some wild intraday swings lately, both opportunies for longs and shorts!

[FinancialAdvisor]

ENWV - Potential reversal >>>

Note bullish engulfing today after $10.50 spike Friday >>>

[andrius]

finally mytrack let me short some. Only got 1/2 what I was hoping to get earlier since I had to pay .75 more.

[andrius]

thats strange. Today neither of my three brokers will let me short NTMD. Didn't have this problem last week.

[FinancialAdvisor]

NTMD is gapping up big this morning, this looks to be the correct sell short spot and top reversal spot, may gap up and show a little MOMO in about the first half hour as euphoria peaks and a bull-trap is set up, but watch it closely, if it follows the likely pattern, it will begin to sputter out shortly thereafter, and it could crash just as fast as it flew up in the past week.

FYI: Looks like people are already shorting it pre-market, as it may have already spiked pre-market I believe at $18.75 off of Friday's close of $17.12.

[FinancialAdvisor]

iconoclassic, You would look for the opposite indicators you'd look at for any buy signals. This time we're looking for SELL signals though.

Besides looking at the basics of candlestick charting and volume patterns. We'd look for confirmations through volatility spikes, MACD spikes or cross-overs, RSI overbought, and a number of others which correlate with overbought, you could even use moving averages as well, i.e. the 50 DMA crossing the 200 DMA to the downside is considered bearish.

Hope this helps you.
-financialadvisor

[andrius]

I think NTMD might top out Monday. I had a couple of plays recently that had news earlier in the week and finished at the highs after running all week only to make a final push early Monday and then collapse.

NTMDs technicals are starting to look way overbought but momentum does wonders sometimes. Alonside momentum there were a lot of shorts that got trapped in this too. I think that was one of the main reasons NTMD did as well as it did. This was a $9 IPO just a few months back and almost all of the float is owned by institutions and insiders. Once theres is a sizable short position a big buyer can trigger a lot of stops that keep pushing the price higher. I wouldn't be surprised one of the big holders did this on purpose. But the bigger the run the bigger the pullback :).

I'll be looking to short this around 20 Monday if volume is VERY heavy. Stocks tend to top out on the heaviest volume day and thats what I'll be looking for here. Using stops here is a must IMO.

[iconoclassic]

Question for the board, what general TA markers are you looking for in order to consider a stock as a short candidate? Just being overbought would not seem to be enough, IMO. Mostly breaks of trendlines? or other indicators going through specific points. Do you factor in fundamentals, or use news as a parameter?

I guess I am just requesting general guidelines to get a sense of the board philosophy.

Thank you.

[babycakes]

tdwaterhouse.com
the trade central is given for free if you trade enough.
its a service thats being tested right now I believe

[FinancialAdvisor]

What's their website?

[babycakes]

td tradecentral.

[FinancialAdvisor]

Who's your broker babycakes?

[babycakes]

added at 15.65

[babycakes]

ntmd...will cover if goes into the 16's

[babycakes]

:)

[FinancialAdvisor]

Good luck babycakes, the tape was very interesting this morning, almost as if people knew that there was a high short interest already out. Perhaps a hedge fund got in there and bought a million shares just after the open, triggered the earlier shorts stop losses off, and than sold out, and than probably shorted 16.80+. Whatever the case, it's running out of gas, and it shall at least return to $13, certainly lower is likely, but given the (rather speculative) industry it's in, I'd much rather give it a conservative target.

[babycakes]

short 16.70 stopout hod.

[FinancialAdvisor]

Regarding NTMD, I figured I'd get the warning out early, and this is the climax wave up from the short-term move by my estimations. I do NOT expect NTMD to close above $16 today.

[FinancialAdvisor]

NTMD - Sell Short $16.60(+), Potential strong top reversal imminent...

As babycakes first pointed, out note the ascending volume in the recent upsurge, as well as the huge gap which is self-explanatory.

[FinancialAdvisor]

NTMD looks like a good one for today to watch for a short, good find. Also, your BDK play looks like 'money in the bank' regarding the gap fill. Good finds.

[FinancialAdvisor]

Costco, Wal-Mart duel in political arena
Warehouse-store giants give money to opposing parties

By MICHAEL FORSYTHE AND RACHEL KATZ
BLOOMBERG NEWS

Executives at Costco Wholesale Corp. and Wal-Mart Stores Inc., competitors in the $76 billion U.S. warehouse-club market, have taken their rivalry to a new level: national politics.

Costco Chief Executive Officer Jim Sinegal, 68, is a Democrat who says President Bush's $1.7 trillion in tax cuts unfairly benefit the wealthy. He opposed the Iraq war and supports Sen. John Kerry of Massachusetts for president. And he's the only chief executive of a company in the Standard & Poor's 500 Index to donate money to independent political groups formed to oust Bush, Internal Revenue Service records show.

Wal-Mart, the world's largest retailer and owner of Sam's Club warehouse stores, gives more money to Republican candidates than any other company does. Its top three managers, including Chief Executive H. Lee Scott, donated the individual maximum $2,000 to Bush, and Jay Allen, vice president for corporate affairs, raised at least $100,000 to re-elect the president, earning him the Bush campaign's designation of "Pioneer."

Wal-Mart -- two-thirds of whose 3,580 stores are in the "red states" that voted for Bush in 2000 -- is backing White House policies on everything from trade to limiting overtime pay.

"Wal-Mart is extremely strong in Republican strongholds; they are a red-state retailer," said Amy Bonkoski, an investment adviser at Cleveland-based National City Corp.'s private-client group, which manages about $26 billion, including Wal-Mart and Costco shares.

"Costco is stronger in Democratic states. Costco is a friend to labor. Unions hate Wal-Mart."

The differences are based on more than ideology: Each retailer has a stake in the election's outcome in areas from health care to the minimum wage to the way unions can organize work forces.

Kerry, 60, a four-term senator, pledges to induce more employers to insure workers with a $257 billion proposal calling for the government to pay most so-called catastrophic health-care costs -- only for companies that provide comprehensive coverage. He'd raise the minimum wage and make it easier for workers to join unions.

Those policies might benefit Costco and hurt Wal-Mart.



Issaquah-based Costco offers comprehensive health insurance to most of its 78,000 U.S. employees, making it eligible for Kerry's plan, said Kerry's top domestic policy adviser, Sarah Bianchi, 31. That could cut 10 percent, or $35 million, off its annual health care premiums.

Wal-Mart's health plan for its 1.3 million U.S. workers is probably not broad enough to qualify for the savings that Kerry's proposal would bring, since it doesn't cover enough workers, said Jason Furman, 33, the Democrat's chief economic-policy adviser. Fewer than half of Wal-Mart's employees are enrolled in the company health plan, according to figures supplied by the retailer.

Costco wouldn't have to raise salaries with Kerry's proposal to increase the minimum wage to $7 an hour, from $5.15 now. It already pays hot-dog vendors as much as $16 an hour, and the lowest wage it pays is $10 an hour.

That's higher than the $9.96 average wage paid at discount stores bearing the Wal-Mart name. Sam's Club spokeswoman Jolanda Stewart declined to provide wage information for the warehouse unit.

Bentonville, Ark.-based Wal-Mart supports the Bush administration's expansion of free-trade agreements and its bid to curtail the number of workers eligible for overtime pay, according to its lobby disclosure reports.

Wal-Mart has benefited from the president's opposition to raising the minimum wage, since some employees make less than $7 an hour, and from the Republican-controlled Congress' reluctance to make it easier for workers to unionize. Wal-Mart has no unions; about one-sixth of Costco's workers are represented by labor groups.

"President Bush and his administration have made a real concerted effort to reach out to Wal-Mart and try to understand what our experience is," said Allen, 47, the vice president.

Wal-Mart and Costco aren't the only companies in the same industry whose executives are on opposing sides in the election.

Google Inc. Chief Executive Eric Schmidt is backing Kerry, while Internet rival Yahoo! Inc. CEO Terry Semel endorsed Bush, 58. William Harrison, CEO of J.P. Morgan Chase & Co., is giving more money to Democrats than to Republicans, in contrast to peers at Goldman Sachs Group Inc., Morgan Stanley and Bear Stearns Cos., federal disclosures show.

What makes the Wal-Mart and Costco rivalry stand out is that their political donations are so partisan and both companies are likely to gain if their party wins in November.

IRS disclosure records show that Sinegal and Costco Chairman Jeffrey Brotman each gave $95,000 last December to the fund-raising arm of America Coming Together, a group organizing voters against Bush, and the Media Fund, which is running anti-Bush advertisements.

Wal-Mart's political action committee, the biggest company PAC, gave Republicans 81 percent of its $1.3 million in donations in the past two years, a higher proportion than any of the top 25 corporate PACs, says PoliticalMoneyLine, a non-partisan, Washington-based group.

Vice President Dick Cheney underlined Wal-Mart's ties to the White House on May 3 when he visited the retailer's headquarters -- his first talk with a company work force in the 40 months since he took office, according to the White House Web site.

"This is one of our nation's great companies," Cheney said.

Sixty-seven percent of Wal-Mart's stores are in the 30 states that voted for Bush and Cheney in 2000, according to a comparison of store-location figures in the Wal-Mart 2003 annual report and election results.

Costco's stores are mostly on either coast, with 208 of its 321 stores in the higher-wage, more union-friendly 20 states that voted for Democrat Al Gore in 2000.

Sinegal makes no apologies for Costco's policies, saying higher wages reduce employee turnover, which lowers training costs.

"I'm not a social engineer," he said in an interview. "Paying good wages is simply good business."


LINK: http://seattlepi.nwsource.com/business/182915_costco21.html

DISCLOSURE: I do not support either Kerry or Bush, I'm an independent, I just found this article kind of humerous in a way.

[babycakes]

NTMD...volume been decreasing past two days. see how it handles the resistence area.....

[babycakes]

BDK...short breaking the 5 day?....nice gap to fill.....

[babycakes]

sgp...

[brainlessone]

crr

[babycakes]

now I know what to look for.

[FinancialAdvisor]

babycakes, thanks for your posts, I looked at those 2, they don't look like 'Top' reversal candidates to me as it looks like they've already gotten beat up and are well off their highs!

Happy Trading!

[babycakes]

xmsr....http://www.investorshub.com/boards/read_msg.asp?message_id=3601774