GRFS (8/11/13, -3.97%)
Last week the major U.S. indexes ended mixed. The NASDAQ gained 1.5%, the S&P 500 added 0.5%, the NYSE composite inched up 0.1%, and the Dow gave up 0.5%. The IBD outlook remains at “market in correction”. With August coming to an end, heading into the Labor Day weekend, don’t expect much in the way of market volume or volatility. After the holiday, assuming “The Taper” is as baked in as it’s going to get, the next big overhang on the Wall of Worry for investors will be the fight, if there is one, over the Continuing Resolution to fund the U.S. Government that expires at the end of September. Expect some market moving fireworks when the political rhetoric ratchets up as the fiscal game of Chicken lurches toward the October 1st deadline.
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:
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
Making money off this Watch List? Feel free to tip the dealer!