Short selling - ALL

Today, ASX and DOW reached all time high again. The bull trend continues, a share might be worth selling. That is ALL, this is from technical point of view.

A good short selling candidate. the trend is turning south.
Stop loss 15.5, current price is 14.87.
Let make the sell order tomorrow morning, at open price, and see what would happen.

A few worst shares (1) - CMQ

Rapid up, rapid down, Chemeqs is to focus on the profitable commercialisation of its CHEMEQ polymeric antimicrobial in targeted global markets.
When it was falling down, it had so many stories, what is fundamental. Good future or bad future?

Good on future, bad on profit. It was a hot company in Australia Company, ever listed in ASX200, now it is worth 9 cents, it was 8 dollars. Sorry, I am bright for future, but now I can't make any money.

Macquarie Bank

7 years, ago back to 2000, Macquarie bank net profit is less than A$0.25 billion, now it it is A$1.5 billion. 6 times higher in 7 years.

From 2006 to 2007, it increased its profit by 50%. Thanks to limited competition in Australia, Macquaire exposed to airports, toll roads and utilities, also by selling public offerings of shares and move them into managed funds. Its income is rising so rapidly as well as its boss Allan Moss's payment, who is Australian's highest paid executive with annual salary of $33Million.

XAO, australian index at 6300

XAO, Australia share index, closed at 6300. From last year end of Sep to now, index climbed up more than 20%, there is only one correction in Feb and it recovered quickly.

It is not trader's business to predict, trader's business is to follow the trading plan. The big trend is still up.

So, in such situation, what is your plan. Reduce holding, preparing for short selling... Below is Dow's chart for the last 5 years, increased by 30%+.