Just a word of caution! These market are NOT short till the stock dies. Scammers will try anything and everything to keep you from using your own due diligence in your trading decisions. The stocks won't die, Most high volume tech stocks will give you one short and long opportunity a day on the intraday level. On the daily level they will give you 2-5 up days and 2-5 down days. You only follow the moving averages for support and resistance and check the trendlines intraday. Without dedicated technical analysis you can't trade these markets, gut feeling went out with the internet bubble.
GENE was shorted today and it soared, aggravating not a few people, KREM soared, and devastated others. Stocks are not picked up like bulk boxes and cans at Costco. Every day has to be judged in itself. If there is good news, it might last a day or two, same with bad news. NOTHING IS ALL ENCOMPASSING. There are no blanket shorts forever. We look for 1 or 2 entries in a stock hopefully we get a short and then a long or at least take either one, but if you hold a short position and ignore the moves to the upside or go long and obstinately INSIST you are right, you won't get far. Trading has no room for obstinance, no room for recalcitrant traders. If you can't let the trend lead you have no place trading. If you don't check your positions daily, you probably have no place investing either. Times they are a'changin. We learn to short, we learn to go long. We trade like chameleons or lose like lemmings.
Lemmings are leading their pals off the cliff in hordes.
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