Possible short squeeze alert

NASDAQ short interest numbers just came out and
SUF
now has about "26 days to cover" - if this puppy moves up - it'll be "fast and furious"

Windows dressing is almost over

and with it short covering which is helping to propel markets to new highs will be gone too. All or most of latest short ideas are still short - just at the better entry prices.
Here what I think might be most promising trades:

shorts:
TEX - right where it is - if higher - even better
SHLD - same
RATE - somewhere at 27-28 depending on how it'll go ( don't worry about high short interest - none is going to cover anytime soon :) )

long:
COLY 11.20 - 11.40 stop 11.08
ILSE 19.30 - 19.60 stop 19.05
SFUN 28.55 - 29.10 stop 28.09


Commenting on PCTI action today - at the time when it was shaken down SemiHolders sold off quite hard, still long at 10.30-10.50 with stop at 10.11

"I make rules - I brake rules" - here what I traded/trade ( As I explained before - I dislike to open my cards in order not to affect anyones decisions )

SLXA profiled on Sep 20th, pick of BullTrapper of Trade Guild investment blog, put up quite a performance lately, bounced off $8 area - nice going BullTrapper!
I picked it up on Sep 22nd at 7.90 ( as I say in my trading rules - I don't chase stocks - "Money not made better then money lost") and closed today at 8.66 missing extra .30 pop - did so due to anticipation of coming market selloff, I'm about 70% short now

RIO short, pick of BullTrapper of Trade Guild investment blog opened short position at 21.06, with soft stop right above 22

APOG - closed position on pop at 15.94, might re-enter long pos. at 15.35 +/-

VRTX - covered, institutional defence is not done pumping this one

GRMN - quite a pop, good short opp., if tomorrow morning goes up - 48.50-49 would a perfect entry for short position, with stop at about 50.28

SUF looks like it is recovering - this is high risk/high reward long trade.

NXG - went up with minning stocks, I think GLD will continue go up for few days at least.

others candidates of interest:
long BUF DUSA GAP IMGN JRT PFWD
short: CCU RS TIE SNX ZOLT and last, but not least - FMCN looks like this time it IS breaking down

Morning update - long alert - PCTI

long alert - PCTI - going to higher grounds

Got it all wrong for the market

got it quite OK for picks. Tired, stubborn in believing that "controlled inflation at the cost of recession" should not move Mr. Market higher - so, let say quarterly window dressing started earlier, let me see - will it end on Wednesday instead of Friday? Could be - stay alert, keep your long profits.

Lists ( I try to list tickers in "expectaion" order )

Long: SFUN STEL PFWD LUB GAP JRT ILSE ( ? DUSA GTI IMGN ?)

Short: GRMN RMD RATE NUE TIE RS OMX SNX

More of the same? ( Mon&Tue)

That was an interesting attempt to put some kind of reversal on Friday, it failed, but some stocks stamped hammer-like formations, honestly I don't think of any positive significance to take it seriously at least for Monday/Tuesday. So whichever short positions are working - I'd stay the course, if you were lucky to have long positions working for you - I'd put those on "future long list" even if they will sell off tomorrow.
Some ideas for next week:
Long: COLY BUF OO JRT GAP KNOL ( Trade Gild's past favorite - something is cooking with it, I think on a long side, but that stock diluted me in the past, so - be careful)

Short: JJZ GRMN OMX RS TEX TIE ZOLT

Someone asked me about when to buy/sell short, right away after I post it or wait for a reasonable entry point.
Here is my understanding of my own ways of saying "long" or "short" - these are picks which I think should have some potential to go in direction indicated, in most cases - not right away - I try to stay away from "all aboard" kind of stocks - I don't have time/desire to watch monitor 24/7. When I think "long" I'd look for reasonable entry price ( not a nuclear fall of price ) - some discount, I don't chase the stock - been there - lost SOME.. :).

If I think the stock I'm watching provides good entry point due to some event (news, up/down grade I'd try to post intraday alert, if it does not change my perception on direction of that stock.

I'm intentionally not telling you what stocks I'm trading (My decisions shall not affect yours), but they are among the ones I post on the blog.
You are welcome to ask my opinion on position you opened based on ideas presented on this blog, if you do - I'll follow up upon analyzing current situation with the stock of your interest, otherwise - I will NOT post "XYZ is no longer a short" or "ABC is no longer a long" - you have to ask, I don't keep track of stocks I don't have position in.

Morning update - some ideas

long: MOSY MYE APOG
short: CTSH ( puts) LEA

Lucky those who opened and closed...

As vague as it sounds...
Today WAS a good day to cash in on your long positions ( many of long positions least to say)
and
initiate short positions.
And why am I saying that? Look at DIA trust, so little conviction on the upside last few days, it looks like a person who is walking marathon race and he is second in that race and all the glory will go to the first one at the finish line, but the second best still needs/wants to finish... all of the indexes looks very exhorted, volume today was so very unconvincing on the upside that it makes me think that retail investors are going to pay the full price for this move.
Houston, we are going down...tomorrow...
There would still be a bright spots for longs All American Investors/Traders who do not short ( I don't mind - I'll take it). One of such bright spots tomorrow will be SLXA, pick of BullTrapper of Trade Guild investment blog which he found, nurtured for a while and now ( as lame as it seems) I say - SLXA - it IS time to go up!

Sectors... biotech , broadband might continue to go up ( as my Granny would say: "On another hand they might go down")
And pharma ... seems to be loosing steam. But still a runner. So is healthcare.
And it looks like our old looser friend - NANOTECH - is coming BACK! ( don't get too excited)
Commodities... oh my... my timing is always bad on this material - I think it willy-willy oversold and due to a bounce, if it will not go up tillthe end of this week - we will see a LOT of downside.
Gold ( of course it IS commodity) - is sitting on support and might bounce, especially if market will start correction tomorrow.
Oil - capitulated today? Reverse to the upside is in the store?
Oil holders - don't go there unless you are already heavily shorted most of 'em


I might post some lists later tonight, but more like not, all bets I believe had to be set by today.

Short VRTX Alert

Due to UBS upping VRTX - we have great entry for shorting it

Respect risk - "when in doubts - get out"

Not much to say, oil and gold edged up as expected.
If you are long on the margin - monitor positions closely.

Few quickies
Long: NENG (1.89) ASIA TXRH RLRN WMAR ACTS PCTI
Shorts: Today WAS a good day to go short, well - look at VIP tomorrow

Looks like home builders has buttomed ( TOL KBH LEN )

Will we see selloff this week?

According to Stock Traders Almanac week after Triple Witching is miserable, well, so far this year nothing works according to history, will live will see

short: AEOS TTEC CLDN STLD 52.45 VRTX FLSH CTSH CRS OMN FIX MDR ? CBE KEM CMC FMCN ACTG HOLX? LDSH HWAY?

long: OO BUF IFOX CYBS IMMR PCTI AXTI DGII RMIX ELOS DUSA RRA? GTI? HNI KNL UCFC IMGN