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Lazy Trade Long & Short: FSLR & INVN
Lazy Trades Long & Short Swing Trades To Consider
Today’s lazy trades features one stock that I just got short, and that is Invensense (INVN) at 11.31. I know in the past month, this has been one of my more ‘featured’ short setups, but every time, it shows itself as the gift that keeps on giving.
I’ll be using a stop of 11.85 on the trade. Now, at the moment I have 4 shorts in my portfolio and not a single long position. I’m definitely running the risk of there being a short squeeze of some kind on Monday, or maybe even into today’s close. If that happens, my stops will take care of the rest. However, the market has shifted character since the election, and has introduced much more fear than what we are accustomed to seeing.
As a result, if this fear continues into next week, I want to make sure I am positioned for it adequately. Otherwise, I’ll be taking the remaining profits out of my existing positions.
Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com
2012-11-09 13:47:57
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