GMCR isn't a short yet. A goog short is a stock that has busted a pivot to the downside on volume and is bouncing on light volume. Then, you can short it for a swing trade or even "investment".
If it's just a day trade, yea, you can short anything using the Opening Price principle. So, you look at the opening range on GMCR of 69.90-67.58 and short the .618 retracement bounce near 69.00. The Opp assumes that the Opening price will be the high or low of the day the majority of the time. So, you put that probability to your use. Let's see if it works for GMCR today. But, like I said, coffee is hot (i.e., CBOU, PEET, SBUX, DDRX) and GMCR's K-cups are selling.
hello from your biggest fan. hope your rest is going well. i am off this week too. hello to the good board as well. thank you mr do for that wonderful fwlt..it just doesn't stop. something (JPM conviction) is up with alth.....accumulation. mr darth...what do you think of C and BAC? HELP!!! i have some . was hoping for 6 in c shortterm and 18 for BAC. hgsi is also consolidating. god bless you all....fariba