Just Another Sucker Rally? Or is the Bottom in?
Dec 1, 2008 Small Cap Stock Picks
Whether or not this is just another sucker rally of shorts getting squeezed or this the markets bottom and we are now going to consolidate before heading higher, the market just made a near 1100 point rally in 5 days and stocks are likely to succumb to some profit taking. The market is back in the short term overbought area and a lot of stocks just made some huge rallied pushing 100% + which sets us up for some possible shorting opportunities again.
Technically the dow just broke above its descending resistance trendline on the lightly trade black friday. Yet as of late breakouts have turned into huge sell-offs which is probable of happening this week as well. At least a good idea to bet something on this occurance. So Monday i’ll be looking to possibly fill some short positions to bank on some profit taking.
Theres a lot of opportunities but here are some potential shorts that are on my watch list.
LNC
SOLF
BGC
JRCC
JNY
DRE
hrbn
rmbs
Technical analysis of the DOW:















