Lasertrader's Place

A Potpourri Of Trade Ideas and Setups

Short Ideas – Stocks That Will Get Hit From Europe’s Woes

Posted by lasertrader on November 18, 2011

I have mentioned on occasion that I like to find sector themes to trade. Although we are all “hopeful” and each day look for long setups should the market turn back up, it is good to have a solid list of go to shorts always on standby. Currently some of the best and most profitable shorts have been the high beta leaders  like NFLX AAPL CRM etc. These stocks can turn on a dime and require careful watching and wider stops.

Today I ran across an article on the Business Insider site titled ” 15 Companies That Will Get Smashed If Europe Goes Bust ” The list of stocks in this article are companies with very high business exposure to the European Economy. Since the basis of the solutions to the Euro Zone problems starts with cutbacks and austerity, these companies will most likely feel the effects on their bottom line for some time to come. If the technicals continue to exhibit breakdowns they should have a high rate of follow through to the downside. Below are the charts of these 15. I am going to keep them on watch for solid shorting opportunities. You may want to consider some as well.

XRAY

XL

WU

SIAL

PCLN

OI

MO

MCD

HAR

GILD

FSLR

CCE

AON

ADSK

ACN

Enjoy!

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