ALXN (7/24/11, +58.82%)
GNC (3/18/12, +5.31%)
ULTA (4/8/12, +0.00%)
LQDT (12/25/11, +37.00%)
MA (9/24/11, +30.51%)
MNST (10/16/11, +34.34%)
DG (4/8/12, +0.00%)
DLTR (9/4/11, +35.02%)
TJX (3/25/12, +4.30%)
VRSK (4/8/12, +0.00%)
Last week, the major U.S. indexes moved lower. The Nasdaq gave up 0.4%, the S&P 500 lost 0.7%, the Dow shed 1.1%, and NYSE composite faded 1.5%. Wednesday’s downdraft on volume turned the IBD outlook over to “market in correction”. Raise cash, don’t make new purchases, don’t let any profit turn into a loss, and never take a loss of more than 7-8% on anything. Keep your powder dry and your watch lists updated until the next uptrend appears.
With the market in correction, none of the watch list stocks can be considered as buy candidates.
/as usual, your mileage may vary, always do your own homework
The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:
INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.
/How to Make Money Selling Stocks Short by William J. O’Neil