Watchlist for Tuesday December 2nd

My watchlist for today worked out pretty well. All of the stocks on my list had pretty nice drops. One of the things that I confirmed today with paper trading was that it's safer to short a bit later in the day than early in the morning soon after the open. I got squeezed on both PPC and XTEX which I shorted soon after the open, although I reshorted both of them about an hour later and that worked out well...especially PPC which went bankrupt, meaning pretty much a 100% return on my position as the stock will now be essentially worthless. Of course, I was just paper trading today so I didn't make any real money.

So, from now on, when I'm trading for real, I won't short close to the open, unless a stock gaps significantly up and looks to "gap and crap". If I happen to miss a morning tank, so be it. With my limited day trades, I'm more concerned with keeping the odds in my favor as much as possible.

I've got 2 day trades back tomorrow, so I will be trading for real. Here's the watchlist:

SHORT WATCH:

SGLP

Was on Monday's watchlist, had a nice drop in the morning, but showed strength in the afternoon, resistance at $3, still up 226% off its lows, still as much of a POS company this week as it was last week

FRZ

Up 343% off its lows, recently being pumped on The Lion, 47% red when Dow is green, 87% red when Dow is red, a packaged ice distributor warned of delisting, reported a net loss of $113 million last quarter, involved in ongoing antitrust and price fixing investigations and associated litigation


DISK and PPHM are still on the long breakout watch list, but in this market I probably won't be going long