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Last April, consumer products giant Procter & Gamble (NYSE: PG) announced that it was selling its Pringles brand of potato chips to Diamond Foods (NasdaqGS: DMND) for 29.1 million shares of Diamond stock plus Diamond’s assumption of $850 million in debt. But then the accounting scandal broke and the deal turned sour.

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ROK: no bounce at all at important January gap support level, despite yesterdays positive
action of the markets. Significant april gap down on high volume the day after
the 52w high has put an end to the uptrend. Short below yesterdays low.
ROK short: sell stop 78.95, stop loss 80.16
day trading target: +1.55$ profit

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Walmart Stores Inc.(NYSE:WMT) is the worlds largest and leading retail stock. This morning the stock is declining lower by 0.50 cents to $51.50 a share. The stock will have intra-day support around the $51.45 area. This is a level where the stock could see a short term intra-day bounce.

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Broadcom Under Pressure

Posted by inthemoneystocks on March 22nd, 2011

Broadcom Corp.(NASDAQ:BRCM) is a leading semiconductor stock that is trading lower this morning by 0.61 cents to $39.90 a share. Traders must watch the $39.58 area for intra-day support. This is a short term bounce area for the stock.

F5 Networks Under Pressure

Posted by inthemoneystocks on March 18th, 2011

F5 Networks Inc.(NASDAQ:FFIV) is one of the leading networking stocks in the tech heavy Nasdaq 100. This stock is declining lower today by $3.35 to $100.06 a share. The stock will have some minor intra-day support around the $99.25 area and more around the $98. 50 area. Should the stock fail to hold these short term support levels this stock could see sharper declines.

I Hate To Say It (FDO)

Posted by Benzinga on February 25th, 2011

A description of why everyone being long on Family Dollar was wrong - and how it's showing now.

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An Interesting Twist on Shorting Gold

Posted by Crude Oil Trader on February 23rd, 2011

In todays short 4 minute video we explain exactly what we mean by a "short gold position." It does not mean we are bearish on gold, however the scenario we point out in this video could make money by being short gold and long another important market.

Another Huge Friday where we locked in some HUGGGGGE gains on our two positions in EMKR which was an excellent FOUS4 pattern and GWAY which was a short position which i have been getting much better at.. Maybe in a year or so i’ll have mastered shorting and will detail a DVD on this strategy as well!

The iShares FTSE/Xinhua China 25 Index ETF (NYSE:FXI) is trading sharply lower this morning. The FXI is declining by $1.00 to $41.58 a share. The FXI has been in a major down trend since early November 2010 when inflation began to really hit the Chinese economy. Traders can watch for short term intra-day support for the FXI around the $41.40 and $41.00 levels.

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This morning most of the leading energy stocks are trading sharply higher. Devon Energy Corp.(NYSE:DVN) has been surging to the upside on the daily chart, however, today the stock is pulling back as investors take some profits off the table. DVN will have minor intra-day support around the $86.50 area and more intra-day support around the $86.00 level.

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