Stock Watch 2.22.11 ” The Trojan Bear”
What the heck is a Trojan bear? You probably heard the story of the Trojan Horse but the trickery displayed in The Trojan Bear is equally impressive. The Trojan Warwas waged against the city of Troy by the Greeks after Paris of Troy took Helen from her husband Menelaus, the king of Sparta. The Greeks built a large hollow wooden horse in which a small group of warriors were concealed. The other Greeks appeared to sail for home, leaving behind only the horse and Sinon, who deceitfully persuaded the Trojans,to take the horse within the city walls. At night the Greeks returned; their companions crept out of the horse and opened the city gates, and Troy was destroyed.
What does this have do do with trading? Analogy. I will hide in my mythological Trojan Bear, infiltrate this Bull Market party , drop my short warriors out of the Trojan Bear. Sneak up on these over confident bull stocks and destroy them.
Having told my story. I did find out there really is a Trojan bear. Pic below. Perhaps not as historically important or impressive but nonetheless real.
Trojan Bear
Trojan Horse
Stock Watchlist KV.A ALJ CVV IDTI COOL INPH
Previous Watchers Still in Play LOCM REE OIIM CCME
KV.A
Made some peanuts shorting this thing Friday but I believe this thing is on borrowed time. Sure it could still squeeze but the likelihood is low. I want to short this one. See TA
ALJ
After inching up the last month the chart has consolidated with a few doji’s. Sell volume is picking up and I’m stalking a short entry
CVV
Courtesy of Bob ( a.k.a Bib) in chat. This was a great long play but now this is a dynamite short set up. If you can find shares lock them in and be patient.
IDTI
More of the garbage in the land of stocks. Chart is very close to parabolic. Printed a small red candle on the daily. I expect more downside Tuesday
COOL
COOL is a stock that is coiled and ready for a nice upside push. I would rank this as more of a swing trade because you will need to be patient to maximize the gain. Should be higher by Friday
INPH
Another stock approaching high RSI levels. As with all of these potential shorts stand by and monitor the dips. When the become weaker That’s when you short.
KVHI
TGE
MTRX
