Sunday Trio Of Short Ideas

Here are three ideas I’m short (out of my 48 positions) that I found of special interest. First up is Acadia Pharmaceuticals, which is sporting a well-formed diamond pattern. If broken, this becomes a powerful reversal pattern.


Next is Advanced Micro Devices. Semiconductors had an incredible run until a few months ago, and they’re all starting to fizzle and pop. AMD seems especially prone to failure to my eyes.


Lastly is Buffalo Wild Winds, which has been “Old Faithful” lately. This is a massive topping pattern with plenty of downside potential left.


Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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All Things Tech 3 years ago Member's comment

100% agreement on $BWLD especially since it has been flat for months in a bullish market with more room to fall.

I disagree with $AMD. If AMD falls below the SMA200, absolutely short, but the Triple Bottom off 12.00 is a cause of concern + a previous ER beat + Q3 ER beat likely & sitting in oversold territory according to (MFI). $SOXX shows a Pennant as well.

$ACAD long-term is down, but short term is up. Above the SMA 20, 50 & 200.

Both AMD & ACAD is big risk little reward in my book unless the Days to Cover is a big enough window. Otherwise just not worth it in my book.

Bruce M. Knoth 3 years ago Member's comment

Good insight.