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S&P 500: 1,317.11 Change: -0.21%
rjm77me
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Retail sector rotation

Date May 13, 2010  Edited: May 13, 2010    Comments Comments (0)    Rate this post Recommend This Post (83)   
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Retail secotr has been one of the hot sector and every stock has more or less doubled in last 6 months.
In my opionin the sector will cool down and one can establish short position on couple of strong up days or when ever any stock pops up due to earning or other positive announcement.
another way to keep out of trouble is not to short leading to earning date. If you are a brave soul the go short a day before the earning - or if the earning is after hours go short around 2:30 PM
It will work 70% of the time
Do paper trades till you have it figured it out. If you are reading this then add your opionion of what worked for you.
Is it hard work - I say compared to what? It is all in the head as the saying goes. Doing plumbing is harder for me - for some it is piece of cake.

Happy trading
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