Wednesday, February 3, 2010

Watchlist - possible short plays

Well, the watchlist I posted a little earlier was for long plays, so I thought I would scan for possible short plays too.

All these stocks went down on very heavy volume. You can either short them straight away if you are a momentum trader or wait for possible consolidation on low volume before shorting them if you are a swing/position trader.
DBB- You gotta love the bearish volume pattern on this one!

PSSI - Down, down and more down!

RL - The volume and the price action say it all.

Take care and good luck!

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