Weekly Watch List


ALGN (9/16/12, -4.34%)
TDG (9/9/12, +3.93%)
FLT (9/2/12, +5.60%)
JAH (9/9/12, +6.48%)
AAPL (4/29/12, +4.43%)
PII (9/23/12, +1.19%)
VAL (7/01/12, +7.66%)
PNRA (9/23/12, -1.26%)
MA (10/14/12, +0.00%)
XXIA (10/7/12, -1.92%)
TFM (9/23/12, -3.74%)
EBAY (10/7/12, -1.81%)

Additions:
MA (10/14/12, +0.00%)

Subtractions:
CF (9/9/12, -2.07%)
FRAN (9/23/12, -4.63%)
TDC (9/30/12, -1.09%)

Last week, all the major U.S. indexes took a nose dive. The NASDAQ cratered 2.9%, the S&P 500 plunged 2.2%, the Dow dropped 2.1%, and the NYSE composite sank 1.9%. On Tuesday, the IBD outlook slid to “uptrend under pressure” and then rolled over to “market in correction” on Wednesday. Think about taking some profits and raising cash. Don’t let a profit turn into a loss and don’t ever take a loss of more than 7-8% on anything.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

/as usual, your mileage may vary, always do your own homework

The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:

APOL
CHKP
ENDP
FFIV
LRCX
PAY
PCLN
TPX
UAL
URI

INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.

/How to Make Money Selling Stocks Short by William J. O’Neil

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