Alright folks…same song, second verse. The same criteria for the stocks below applies. I actually picked up shares of one of the stocks listed – Mindray Medical Int’l (MR) at 31.62. I’ll be posting a chart on it before the evening is out.
By the way…great day in the market today for us bears, though I wasn’t overly thrilled with the performance of my portfolio. While I was profitable on the day, my portfolio underperformed the market sell-off, which was clearly not my intentions.
1) Price and volume pattern is intriguing
2) Stock has been heavily sold-off in the recent days or weeks, but still remains on the list for a possible short off of a weak rally, and
3) Stock is one of intrigue to me, such as Goldman Sachs (GS), so I keep it around in the case that there is a setup that is too good to pass up.
Most of them though fall under condition one. I’ve also gone ahead and highlighted those stocks that are new to the list. The stop-losses for ALL of the stocks have been updated. Don’t be a stranger if you have any questions.
[Update: Those stocks highlighted in yellow represent new additions to the watch-list since the last watch-list posting]
Be ready for part 3 of my short setups coming shortly!