Houston American Energy (HUSA) is a small cap energy exploration and development company focused on natural gas and oil properties in southwest United States. Despite its position in a favorable sector Houston American Energy has been the target of short sellers. With nearly 30% of the 16-million share float held short, HUSA has a huge crowd betting against it.
Mips Technologies (NASDAQ: MIPS) is a small cap semiconductor company with a market cap of 350-million. The California based company has been in a steep downtrend since peaking in January 2011. Recent chart analysis indicates MIPS may be ready to move higher fueled by its 14% short interest.
Three growth stocks are on top of a list of short sellers most hated stocks of 2010. With gains amounting to over 300% year-to-date, Netflix (NASDAQ:NFLX) , OpenTable (NASDAQ: OPEN) and Chipotle Mexican Grill (NYSE: CMG) have been a nightmare for short sellers this year.
I-shares 20-year Treasury Bond Fund (NYSE:TLT) and Green Mountain Coffee (NASDAQ:GMCR) showed up on today’s stock chart scans. The much hated Treasury Bond Fund shows an upsloping channel with steady support near $102.50. Green Mountain Coffee displays a megaphone chart pattern with $24.75 support and $32.50 resistance.
Today’s chart scan highlights Apple (NASDAQ: AAPL) and Powershares US Dollar Double Bearish (NYSE: UDN). With so many people on the Apple bandwagon its important to consider contrarian views. While the fundamental picture for Apple is very strong, the chart at least indicates some near term resistance. The Double Bearish US Dollar Index looks strong as well with a recent inverse head & shoulders candlestick breakout with volume.
Today’s stock chart scan highlights Yum Brands (YUM) and Direxion Daily Small Cap Bull 3x (TNA). Yum displays a great chart with a clear neckline. With recent trading activity YUM has held up very well, despite overall market weakness. The Direxion Daily Small Cap Bull 3x (TNA) shows a possible head with double shoulders pattern. Last Friday’s candle (08/20/2010) made a low which touched the neckline of our head and shoulders pattern.
Poor personal loan portfolios in a weak economy equals a lot of trouble. Couple that with a presidential administration completely against your specific business model and things go from bad to worse.