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  #1  
Old 05-01-2007, 09:10 AM
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Shorted Ntap, stock way overbought

shorted 5k shares at 37.45

This is a clear double top, usually want to short a stop with this formation.

http://finance.yahoo.com/charts#char...urce=undefined

Look at Friday and Monday, plus the stock is over bought anyway
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Last edited by whodi; 05-01-2007 at 09:17 AM.
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Old 05-01-2007, 12:23 PM
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NTAP is taking a dive today like I expected. Hope some of you followed this one. I will keep you updated when and if I sell some of my 5000 share position.

1 day chart

http://finance.yahoo.com/charts#char...urce=undefined

5 day chart

http://finance.yahoo.com/charts#char...urce=undefined

THIS CHART LOOKS BEAUTIFUL FOR A SHORT.
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Old 05-01-2007, 01:12 PM
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Good call whodi
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Old 05-01-2007, 01:15 PM
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whodini
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