Just a reminder to watch any short positions here as the market flops around. Most of these stocks discussed recently as short-sale set-ups have come down for several days and could be in position for snap-back rallies if the market refuses to break down. Even worse, a sharp turn to the upside would represent a turn up off lows of an uptrend channel the market has been in since the early June lows and short-sellers could get raked in the process if they are not paying attention.
SSS - Thoughts on the Short-Side for July 12, 2012
| Published: | 12 Jul 2012 17:26 ET |
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