NEW BEARISH Plays

Netlogic Micro. - NETL - close: 39.53 change: -1.42 stop: 42.65

Why We Like It:
NetLogic Microsystems is a semiconductor stock. Shares of NETL have tripled from their December 2008 lows. Now the stock is beginning to correct. Shares have been consolidating sideways for almost two months. This past week has seen a breakdown under multiple levels of support. Today's decline broke the $40 mark and its 100-dma.

I am suggesting bearish positions now. This is going to be a very short-term play. NETL reports earnings on November 3rd. We'll plan to exit ahead of the report. Our first target is $35.25.

Annotated chart:

Entry on   October 27 at $39.53 
Change since picked:     + 0.00   			
Earnings Date          11/03/09 (confirmed)    <-- amc -->
Average Daily Volume:       392 thousand
Listed on   October 27, 2009    


SL Green Realty - SLG - close: 39.59 change: -2.22 stop: 43.65

Why We Like It:
SLG is a REIT stock. Shares are topping out and now they're breaking support on rising volume. Today's drop broke support at $40.00 and its 50-dma. I'm suggesting bearish positions now. Our first target is $35.25. Our second target is $33.00.

This stock can be somewhat volatile. I'm suggesting small position sizes.

Annotated chart:

Entry on   October 27 at $39.59 
Change since picked:     + 0.00   			
Earnings Date          10/26/09 (confirmed)    
Average Daily Volume:       2.1 million 
Listed on   October 27, 2009