GME: Short Idea
February 7, 2008 – 8:52 pm
[[GME]] After viewing Danny’s post, I had to re-post the chart. This one looks ripe to take a dive.
If we do enter into a recession, do you honestly think people will be bidding up this stock?
8 Responses to “GME: Short Idea”
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Cajun, quick, add a 50 day avg. to that chart.
Bam! There’s your short entry!
You have to watch that 200 day. I think the professionals suck in a lot of shorts looking for a breakdown and then squeeze them. Note CRM.
I like to use the 200 day just like the 50. Wait for a solid break of it, then when the stock retraces back up to it, and can’t retake the avg., short the piss out of it.
February 7th, 2008 at 9:06 pmWoody,
True indeed. After the comments last night, I looked at a few charts and noticed that pattern.
Will be checking it out, thanks for comments.
February 7th, 2008 at 9:11 pmCareful. I think the key is when it retraces back to the 50 dma. I’m thinkin it will break up. It’s hard to say no to kids. We shall see.
February 7th, 2008 at 9:34 pmWoody, added the longer term chart to see the 50 MA. The entry was beautiful when it touched.
February 7th, 2008 at 10:01 pmCharts are like Santa Claus: all make believe.
February 7th, 2008 at 10:27 pmWho doesn’t love santa
February 8th, 2008 at 1:36 amShorted it jesterday.
February 8th, 2008 at 5:08 amWho doesn’t love charts?
February 8th, 2008 at 5:16 am