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SSS - Short-Side Thoughts: Not Much to Think About

We note a quick stop out on our FFIV short-sale "set-up" that is not panning out. One thing we do observe with FFIV is that it tended to find a bid in the 127-128 area each time it looked as if it was ready to bust the 50-dma. With the stock pushing above the 131.30 gap-up day intra-day low, we would actually shift from shorting FFIV to looking it as a potential long here based on the visceral evidence gained by trying to short the stock and getting stopped out for a tiny 1-2% loss. When shorting in a market environment that simply does not want to "give it up," valuable information can be gained viscerally when trying to short stocks that simply do not want to go down. As Jesse Livermore might say, if a man finds himself on the wrong side of the market, the only thing left to do is to get on the right side.

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