Evan_Moe_Money

Look at this nice channel entry we have

Short
NYSE:MX   Magnachip Semiconductor Corporation
Even tough this would go against the trend, we are at the top of the channel again, and I bet we'll see that the price will fall. Why? Easy. Investors will take their profits out, and then traders will take the profits and so the price will fall.

So here are the two things to do.

1) take a small short position first, and enlarge it as the price falls

or

2) put this one on your watchlist, until the price hits the bottom of that channel, but dont forget it on that list.
Comment:
profits profits profits
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