shorting BMO, FSLR

Do bears always hibernate in winter? Maybe not this year, as far as the equities markets are concerned. Prevailing market trends often end in October.

We short BMO, Bank of Montreal, and FSLR, First Solar.


Not feeling wordy today, we make the case in graphic form which we hope clearly illustrates the technical ideas behind these trades.





The fundamental cases, we believe, are obvious, and these stocks have shown relative weakness for awhile now as the general markets have made new highs amid increasing diverging indicators. Something's gotta give, and in case that something is us, we limit potential losses with stops.


BMO last traded at $49.80 and we'll cover for a 5% loss if it trades over $52.50 intra-day.

FSLR last traded at $153.94 and we'll cover for a 17.5% loss if it trades over $181 intra-day.


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or for mentioning any stocks or companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

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