'Nets nicked today! MO and NOVL strong plays to upside both on our list FOR ONLY LONGS not short/long triggers. Most of our positions today were short 7 to 2 on the short side. AFter playing this market short going on 7 or 8 weeks (depending onn earlier earnings plays) I'm in no hurry to accelerate the shorts but keep them 'manageable' always looking for a SHORT THE MORNING SPIKE high.. today there was NO BUY OFF SUPPORT which was not much of a suprise considering the bad news in the sectors even LOW, which we had the anticipatory upswing on Frdiay the short of gap 'n crap today and some recovery although like PNRA I expect more downside in LOW especially if HD's report is not up to par (although it certainly was last quarter) We did post our charted reasons why we have our doubts even a good report will keep the stock from crapping.
The charts will be posted later tonight as a good educational experience.. at least you will see that earnings plays are a bit more complicated then buying days in advance and holding through earnings!
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