Wang’s Happy Trading

Submitted by Optiondragon

First, a big Thank You and Best Wishes of infinite happiness and prosperity to all our dear members and readers! A positive community which provides a fertile ground for idea generation for our stock and option traders. As we look forward to a new year, we want to brainstorm as many profitable ideas and opportunities as possible and we couldn’t have done it without our collective research and collaborations. Collective intelligence is a beautiful thing to be respected and nurtured. If we can improve the experience of our community in anyway, please always feel free to let us know. Your feedback is highly regarded and each member and reader is extremely important to us. Please do not be afraid to engage, share trade ideas, contribute and bounce information within the community. This is your forum, not my forum or Happy’s forum but a thought forum. Let us grow together as humans and as traders. Let us unionize together our collective conscious to maximize future potential profits.

Here is a list of potential shorts that Mr. Sparkle, Biotechman and I have assembled based on fundamental analysis, some of my favorites will have technical charts. I have also compiled a list of short ETF’s for those who would like to go long in a bear market environment.

Momentum stocks with high P/E ratios:
FSLR P/E:125.3


Long ways to go if you ask me, if the market starts making new lows.

CMG P/E: 56.1
Weekly Chart


Volume by price bars say it could go lower. Momentum up, momentum down.

BIDU P/E: 107.6


A darling up, a darling down.

Others: Ticker, P/E
LVS 161
WYNN 63
LULU 132
CTRP 68
JASO 36 technical breakdown
SPWR 533 although forward P/E is 18
SOHU 63
STP 52
AEM 68
BSC 54
AMZN 64
AKAM 61
ISRG 79
VMW 101
GG 89
GENZ 171
UPL 52 (good energy short watch)

On a technical basis, I will be keeping an eye on the coal stocks and shorting the USO on a break at $68- key support.
My favorite coal short right now is ANR followed by ACI, CNX, FCL, PCX, BTU.
Look to short the rallies and look to go counter on the market gaps in the morning. Louise Yamada was on Fast Money last night and her thoughts are we are in a bear market so look to short the rallies due to the market technicals. It seems everyone is a technical analyst right now and rightfully so.
I can understand how it is difficult to short so find solace for your IRA or trading account by going long on the dips with the Ultra ETF shorts! They do have options although some have wide bid/ask spreads but as participation grows with these new ETF’s those should narrow. Here is a snap shot of those Short ETF’s, try to go with the bigger movers if it suits your tolerance.

Remember you can still buy the dips on something if your implicit memory has been trained that way just remember to have stops and targets in place and cost avg in and out just like any other stock (isn’t it great to have these new vehicles?). The SKF, QID(probably my fav, nicely liquid options- ultra short QQQ), SRS, TWM (nicely liquid options- Ultra short Russell2000), SDS (nicely liquid options- ultra short s&p 500), DXD (ultra short Dow30, liquid options), EEV (Ultra short emerging). Leverage upon leverage or options upon leverage is not too shabby for any portfolio.
The QID calls were baggers today from the lows to highs now that’s an amazing return no matter what.

Please take care of yourself because I know you are very important to someone,
optiondragon

The question for each man to settle is not what he would do if he had means, time, influence and educational advantages; the question is what he will do with the things he has. The moment a young man ceases to dream or to bemoan his lack of opportunities and resolutely looks his conditions in the face, and resolves to change them, he lays the corner-stone of a solid and honorable success.
Hamilton Wright Mabie

The future belongs to those who believe in the beauty of their dreams.
Eleanor Roosevelt

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Thomas Jefferson

Failure teaches success.
Japanese Proverb

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