Fade the Gap
CHRW
ISRG
TEVA
CTXS
Crash
YHOO
XRAY
Note: If profitable cover it. Might expect an afternoon pullback. Use the trend of the market as a guideline for your next move. ( protective stop loss is always required)
These are some stock pick for tomorrow.
Tuesday, November 6, 2007
11/7/07
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3 comments:
Question: DJ FT are down (7:15 AM) 187 points. At what point does one short BIDU? On a down day, during the mid-day bounce? before the final acceleration downwards? In the pre-market hours, by the time one is allowed to short, the prices are so down - that they generally rise when the market opens. Would appreciate your thoughts....
covered yhoo when it is near 5% down.
Shorting BIDU is one of the dangerous day trade plays. It is very risky because this stock is highly manipulated. You can tell this by when the DJ was down over 200 points and BIDU was the only one in green. This shows there is lots of buying power into this stock. There are many other stocks to make money off from. If you can find the pattern of BIDU use it to your advantage if you notice heavy sell in premarket and expect it to run back up such as filling the gap, then by all means do it. However I trade stocks that I feel comfortable with.
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