Doggonit. I keep thinking of more stuff.
TNH may easily make a good short SOMETIME. It's on my short watchlist. It's there because it was a superior stock to hold in '07. Frequently the best longs make the best shorts later on. I probably won't ever short it because I'll have a better candidate due to borderline volume, but don't throw it away, keep tracking it for a good setup.
Duane Runnels <drunnels@???> wrote:
Not my cup of tea. Patience gwasshoppa.
Look at a chart with a 10dma on it. TNH spends a few days < 10dma, then rebounds. You yourself said it's in a strong group.
Probably not enough volume for a good short. I like 1M ADV. It's not experiencing the type of price action that WON preaches is a good short. In fact, it looks a lot better as a long right now -- check out the almost MACD crossover.
Read the WON shorting book. Also Weinstein's Secrets for Profiting in Bull and Bear Markets. Could TNH bail Monday? Sure it could. But there are better candidates out there. Swing at good pitches. If they're down in the dirt, let 'em go by.
Dave Rubin <daverubin@???> wrote:
I almost shorted TNH when it went above 160 a couple weeks ago. Kicked myself for not doing it.
Now its rallied back to 140 on decent volume (but lower each day) and theres a big gap to 123.
The fertilizer group has been relatively strong but I think theyll break too if the market correction continues. TNH hasnt even tested its 200 day. Its stubborn.
Any opinions? Too risky?
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