SSS - Shorting this Rally?

Published : November 28 2011 at 11:12 ET

We always look at any rally in the market while in a correction as potentially shortable. These are the short-sale targets we are looking to test into this rally: AMZN from here up to 200 and the 200-day moving average, CRM from here up to 120, the bottom of the "falling window gap-down day two Friday's ago, and BIDU, from here up to 130, where the 50-day moving average is roughly. It may still be too early to be successful shorting these, but this is where we start to watch for an opportunity on the short side to present itself.

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.