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Zumiez, Inc. Message Board

  • holywallst holywallst Dec 2, 2011 7:17 PM Flag

    How to make money SHORTING ZUMZ

    Guys, remember how I said after hours yesterday itself that wait for the price at 945 am today before shorting?

    At 945 am today, price touched $28 where I shorted (actually at $27.90). and minutes later I could cover it at $27 at 10 am or so

    Then I shorted yet again at $28.80 and covered at 28.20 mid-day

    and right before close I shorted at $29.20 and covered at 28.95 at close.

    so for Monday, I will be looking for scalp SHORT trades all day long, shorting the tops and covering 2-3% lower than shorting pt, and repeating the procedure. Of course you need very accurate trading filters like I created for myself when you short such strong stocks

    why short such strong stocks anyway for mere scalping gains? well because during one of such scalps, price will really fall off a cliff as this is severely overbought and you will hit the holy grail of short trades. until that happens, you need to scalp it for small gains and wait to catch the big fish

    MMs will dump this once the pump phase is over, count on it...will happen sometime next week, just dont know exactly when, but hey i got patience, dont u?

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ZUMZ
34.32+0.28(+0.82%)Apr 24 4:00 PMEDT