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I will be using this site to post charts and info on stocks that I want to keep an eye on. This blog will be used as a personal reminder of all the stocks I'm watching.

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Keep watching the charts for breakouts... Updated regularly with the best looking charts I can find.

Thursday, January 7, 2010

GMCR: Time for a quick short?

GMCR has been rocketing upwards lately, but it looks a little top heavy here with those nice high wicks.  Be very careful playing with fire,  this is in a SERIOUS uptrend.  Have your sell button ready if this starts to fall.. be ready to take quick profits on the short side if it drops, no need to hold onto a short in a huge uptrend.  GMCR could reward you with a quick move down here before it resumes its uptrend... Be patient and wait for a down day in the markets, I feel like this will get killed with overall market weakness.


2 comments:

Ryan said...

This could drop more easily, but if you happened to catch it today.. good for you, move on to the next trade.

If you're feeling lucky, I think it could fall down to 78 or even 75 before turning around.

Ryan said...

Update:
Looking like a perfect short...
http://chart.ly/kwb9ab

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