SSS - Early Morning Thoughts on the Short Side for Friday, November 11th, 2011

Published : November 11 2011 at 10:46 ET

Our two short-sale targets, AAPL and AMZN are underperforming this bizarre, manic market rally with AAPL continuing to make lower lows as it pushes further away from its 50-day moving average on the downside.

The rally today is being driven by light volume, and with AMZN and AAPL underperforming we would play them as individual stocks, paying less attention to the general market. For now we would drop our trailing stop on AAPL to 390.17 at the j65-day exponential. AMZN's stop remains 220. In either case, investors and traders can use their own stops as these are merely suggestions.


This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.