Today Thoughts: Short side Idea

I think we are going to get a nasty nasty sell off. Tech beside from financials will be my number one area of shorting. There are a couple of stuff I believe are VASTLY overpriced and my number one stock is RIMM. RIMM comes to mind after seeing CROX crushed after the close tonight.
Everyone is so in love with their Crackberry but this makes be believe that in the next few quarters RIMM will not be the number one corporate provider of tech to corporate world.
RIMM is my Number ONE short for the next 18 months.



MARKETJEDI RULES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

CRUSHED

Crushed here- totally crushed, WHERE are the BULLS??????????????????
man oh man . those SPY puts were the exact right idea. We hit that 1292 level and it was the kiss of death yesterday. Seem like that might be all the bulls have in them.


Breath is horrible here and we looking like a close at low of day is possible.

TRADE CALL:SKF

Anyone who added SKF on the dip in the 115 area noted yesterday sell 1/2 before the close.

nice little trade +$15. sweettt


ONLY WINNERS HERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!

TRADE CALL UPDATE: SPY puts

selling 1/2 here @$1.

44% gainer on that 1/2 in 2 days. Holding 1/2


ONLY WINNERS

TRADE CALL UPDATE: SPY puts

Now trading @ $3. If you like you can take them off her for a 33% gain here. I am holding


33% gain in 2 days on those options


ONLY WINNERS HERE!!!!!!!!!!!!!!!!!!!

supports all being tested

All the below supports are being tested on the S&P. Looking to test the 1258 here 1259.50 now.

volume is light so not a huge dent to the bulls yet

1263 didn't hold

Man said it this morning that today could look ugly and it is. 1263 didn't hold. Look for some support @ 1258. The bears are back baby

TRADE CALL UPDATE: SPY puts

SPY $127 puts now trading @2.75 opened position @$2.26 two days ago. Remeber these move slow but I think they can be a huge winner. Up 25% on them so far.


ONLY WINNERS HERE!!!!!!!!!!!!!!!!!!!!!!!!!

Here we go

1263.75 just hit on the S&P so we got downside target for the day.
Only problem is Getting low extreme tick reading which means we could see alittle more downside..

1275.50

1275.50 didn't hold. Could be a rough day today!!!

Next target on the downside 1263

Late start

Late start for me today folks. Went out with my wife last night:)

WATCH A BREAK OF 1275.50 ON THE S&P.