I know it is a little shocking to only have one short tonight but the fact is that so many stocks have just recently broken after a holding up. These stocks will be a little while before they setup and breakdown from failed rally attempts. That means that most are down TOO MUCH to be safe shorts. The good news is that 33 of 34 of our shorts provided us with some money today. So the current shorts are working well, minus LMNX, which needs to have some cut from it. Besides that the rest gave us gains and tell us that we are on the right side of the market. That is the short side. PNRA is in a position that you can short as much as you want but make sure to cut some if it doesn’t work out immediately. Cash is king for those new to this market. Take the time to study study study right now. That is the smartest thing you can do right now.
new short positions: PNRA
PNRA is breaking down below the 50 and 200 day moving average, closing near the LOD, on strong volume. Cut your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
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