Two shorts on tap.
Short:
SHRP 3.32
ASCA 29.55
I have placed an order to sell short SHRP at 3.28 limit and to cover at 3.45
Watchlist:
ARTG 4.07 up 19% on 7 times avg. volume
FUQI 10.47 ipo first day of trading up 16%
A number of tech names BRCM, RVBD, NVLS, RFMD reported bad earnings and or lowered guidance. Nasdaq futures are down 15. Look for plays on the downside should yield good results in a falling market. I would short the other filter pick ASCA also but I'm still holding it from today. If it gaps down and I get stopped out, I'll then be able to put the short trade on.
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