starting to come off a bit - low risk short

[doomsdayza]

anyone short TRU? bulls appear to be running out of steam and due to it's parabolic rise from end jan to mid-march its hard to call support on this (too good to be true?). the sharp uptrend line from 18 Feb to 19 Mar (?) is definitely broken, longer term upward trend lines show there's a long way down till anywhere near support. would suggest this is one of the more low risk, high reward short setups going around right now. omv

[Torres]

I thought it was a short too, but burnt my fingers badly! It's on the rise again - 10% in 2,5 days! Time to short now at R57,20? Personally, I don't believe this share is driven by fundamentals anymore . . .The foreigners are determining the ups and downs.

[doomsdayza]

got stopped out myself. nah wouldn't short it now, it's broken resistance (all time highs - go you good thing). would be far more convincing if volumes were actually increasing and not decreasing though. watch a sens come out with a special dividend or something being declared in the next few days (OST mentioned that they're sitting on a stockpile of cash in one of it's daily reports a few weeks back as i recall). peace

[doomsdayza]

Daily Standard - 9 Mar 2010