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Bearish Picks

by DPeezy on March 26th, 2008 at 1:30 am

Even though we seem to be well on our way to 12,750, there are several nice bearish setups out there. Should we take a ‘dip’ tomorrow, I will be looking to the following to ‘bank coin‘ on the short side:

SYNTHETICS: Calgon Carbon - (CCC: 14.63 -0.81%)

RESTAURANTS: Chipotle - (CMG: 80.77 +0.90%)

SCIENCE & TECH.: FLIR Systems - (FLIR: 42.30 -0.80%)

RETAIL: Volcom - (VLCM: 23.17 -1.19%)

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5 Responses to “Bearish Picks”

Gunners Says:

what’s your top pick?
March 26th, 2008 at 5:31 am +0
DPeezy Says:

VLCM got a downgrade yesterday and it’s overbought. But its options are not so attractive.

Also overbought are CMG and FLIR.

I’d go in that order.
March 26th, 2008 at 6:20 am +0
DPeezy Says:

In with CMG 120. puts. Couldn’t find a nice limit entry for FLIR. Didn’t feel comfortable betting against CCC; and VLCM option volume sucks (not always the case).

Also into PALM with a straddle at 5.

Keeping an eye on UNP ($130), HOKU & GSIC (downtrends).
March 26th, 2008 at 6:38 am +0
JakeGint Says:

CCC is a good pick, I’ve been short that sucker before… back when Katrina hit, it’s main factory was under water, and the market didn’t even know about it for a couple of days.

Heh.
March 26th, 2008 at 6:48 am +0
Today might not hurt too much Says:

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March 26th, 2008 at 7:47 am +0