SSS - Thoughts on the Short-Side at 11:05 AM "Beach-Time" on Wednesday, October 19, 2011
The downside price target for GMCR is now the 200-dma at 74.28, using the 82.40 undercut low of a couple of days ago as your guide for an upside stop. The stock looks to be in serious trouble as the market rolls into the red here.
FOSL remains in play using today's high at around 94-95 as your guide for an upside stop.
BIDU remains in play using today's high at 133.98 as a guide for an upside stop.
AAPL breach of the 200-dma remains shortable, and keep in mind a 5% stop from here is the 422 level.
The follow-through day comes just in time to suck everyone in! We'll see how the MDM reacts as we approach the close.
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