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Some of the “go up every single day” stocks (like Micron) are still pulling their stunts, but some of the former highfliers are, at long last, getting hit. Out of my 35 shorts, one of my best performers this morning is AXTI, which is down over 7%.
The symbols below have all been bottle rockets for the past ten weeks or more. They are very dangerous to short, but they’re also going to get absolutely nuked once any selling kicks in. Consider these:
Today isn’t quite as awful for me as you’d expect (blah blah SPCX the tale blah blah). Here are five short positions I just added, with stop-loss levels noted with red dashed lines:
Rough as this market has suddenly become (again) for the bears, here are twelve choice short positions for the week ahead:
