[ThorAss]

I've had success in the past with my primary scan engine (my Warp drive if you will). It relies heavily on the RSI(14 days) as an indicator and looking for a turn in stocks with the potential for big moves. And guess what? Lately the results have been mixed at best. So I thought I'd ask myself why? I believe I have the answer. The answer is that there is not a lot of stuff making a change in direction just now. Obviously some stocks are trending but the market as a hole is giving mixed signals on various timeframes. So it's up one day down the next as the robots and hedgehogs move the beans around on the plate. I just call it mindless volatility.
One or more Stoolies has mentioned that even in Friday's market they made good coin and at least one attributed success to shorting fundamentally weak stocks. Good ... timing that is. I can guarantee that if you had run a scan on fundamentally overvalued stocks and shorted them in September and had held on for 2 months you would have looked like you belonged as the special guest at one of merciless' barbeques. However it is important to note that it is working now. It highlights at least a tremor of a movement away from stocks that are unlikely to deliver and away from risky investments. Money is being moved to "safer" investments. Some of this money is going in the Flight to Quantity. Money committed to "Tech" is running to Biotech and some Media. Stocks which continue to disappoint can expect to get pummelled now. A real bear market rally will occur when these tottering piles of Dung start to rise and seriously outperform the perceived safe haven stocks and when penny stocks become dollar stocks. That is not where we are.
No we are in limbo and limbo is a place of uncertainty. Uncertainty leads to less desire to trade and lower volumes and inevitably lower prices. The boyz had a window in which to push prices up but I think it just slammed shut. I believe they're going to keep jammin' her for distributionary purposes but from ever lower levels. Thus I am now fully committed to shorting dung on jam jobs and reached for an old scan which combines technicals and fundamentals (my impulse drive.)

I have arrived at 3 excellent candidates.

The first two are semis. Both seem to be exhibitting that 2 peaks and a domed house that I noticed on SMH. In fact being already short the SMH means that either I should just let it ride where it is or move to these bad boys. Note the similarity between klic and spam, I mean klac and smh.








The last one is one that comes up time and time again. Why do they love this stock? I honestly have no idea. But it certainly seems to be cracking. Advertising!



About all the fooFURrah around here about who said what about who when and all that it reminds me of that scene from Monty Python's Life of Brian when all the terrorist groups are in the colosseum, The Judea's Peoples Front, The Popular Front of Judea etc and one of the terrorists said we have to remember who the enemy is. To which some bright spark says The Judean Popular Front?

NO THE ROMANS.

So remember kids, we are not each others enemies, we are your support group and that doesn't mean we're always going to support you. Know your real enemy, it's inside you.

Well that and Elliott Waver's.

[ThorAss]

Here's a classic from The Long and Short of It Archives. Short from Dec 4.



Note the "Kiss of Death" on the way down.

There's good money to be made here.

[ThorAss]

Thanks Mousey but who is Robert Haft? Whoever he is I'm sure he's not haft the man that you are even though you appear to be only haft man.
I like to go after more than one target and try not to put all my eggs in one sucktor. That's why when I short I tabulate my shorts by suctor then if I fill the ledger that suctor gets dropped out of the scan. Certainly the drugs (bios) are problematic and I believe are subject to a great deal of scamming and stuff but the good ones can be very good and can make up for lots of small losses. Still I've often turned off the whole suctor.
Other suctors to avoid shorting: Precious Metals, Petroleum, Food, Foreign banks. Maybe Aerospace.

Talk about similarities, here's one we were losing hope that it would ever go down round about this time last year.

[ThorAss]

Here's a few more: