Tuesday, August 11, 2009

Short some Abercrombie

We look to be putting in a nice double top on the popular clothing retailer Abercrombie & Fitch. I realise it is hard to short a stock with the major indices down big but the chart suggests this is the proper move.

Henc, I am getting short 1 unit of Abercrombie ticker ANF here at $31.50 with a stop just above the highs of the double top, $33.11

Good speculating and remind them to please don't ever forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit US Gold ticker UXG @ $3.05 stop @ $2.68
Short 1 unit Abercrombie & Fitch ticker ANF @ $31.40 stop @ $33.11

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