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CENX - Shorted this at $11.64 today

05/07/2010 01:00 PM by Dave Pinsen

Z-score in the distress zone, weak technicals (trading below 50 and 200 DMAs: http://finance.yahoo.c...= ), nice volume and liquidity (to minimize the chance of manipulation designed to take out stops) and plenty of mutual fund holders to bleed shares if it drifts down ( http://finance.yahoo.c... ). There was something else or two I found disagreeable about this stock when I put it on my watch list. But in this market, the above should suffice.

Rating:
4

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  • 05/13/2010 03:23 PM by Dave Pinsen

    Stopped out of this today at $12.77 for a loss of 9.7%. Tightened the trailing stops on my remaining two short positions (PXP and AKS) by a couple of points.

    Rating:
    0
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