AI
Monday, August 13, 2012 9:16:39 PM
KSS ...one last chart , after catching RAX gap up short last week, was looking at KSS following day (?) The best thing to learn about fading/shorting is make sure you have longs willing to sell with you which they;ll often do after making +30% on the stock , for who wouldnt sell then ? So after an intial squeeze that is what you fade ...
While others look for longs much of the time just in my nature to look for fades when stocks are gapping uo to all time highs or near them (and toppy market), you just have to be right there for the am gap & fade.
* If KORS gaps up big tomorrow will look to do the same ...here you see shorts crying early then late shorts fading smiling later when proftakers from much lower down come flying to lock it in
While others look for longs much of the time just in my nature to look for fades when stocks are gapping uo to all time highs or near them (and toppy market), you just have to be right there for the am gap & fade.
* If KORS gaps up big tomorrow will look to do the same ...here you see shorts crying early then late shorts fading smiling later when proftakers from much lower down come flying to lock it in
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