Rather than hedge my longs with indices, which are persistently not going down, does anyone have a good lead on short candidates in individual stocks they care to share? I have found that being long BIB has been successful as it has been a market leader and I don't intend on letting up on it until it reaches its target, which is currently about 150. In the meantime, I have been able to hedge profitably by buying puts on BTU, MCD, YELP, etc. However, since MCD dropped this morning so suddenly and reached its initial targets, I closed out my MCD positions. I am looking to add other short candidates. I could use some help, if you have additional candidates.
Thx, EJ
Question on Suggested Shorts or Put Candidates
Started by
thoughtpwr
, Dec 08 2014 10:15 AM
1 reply to this topic
#2
Zim
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- Traders-Talk User
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Posted 08 December 2014 - 10:22 AM
Rather than hedge my longs with indices, which are persistently not going down, does anyone have a good lead on short candidates in individual stocks they care to share? I have found that being long BIB has been successful as it has been a market leader and I don't intend on letting up on it until it reaches its target, which is currently about 150. In the meantime, I have been able to hedge profitably by buying puts on BTU, MCD, YELP, etc. However, since MCD dropped this morning so suddenly and reached its initial targets, I closed out my MCD positions. I am looking to add other short candidates. I could use some help, if you have additional candidates.
Thx, EJ
Just as you have been successful buying the leaders, the short side should be in the laggard sectors, especially now with tax loss selling upon us. How about Energy stocks or ETFs and ditto for metals? JMVHO
Good Luck
Bill
