BT and LloydsTSB

Been watching this stock rise, waiting for some bad news to get me a good entry but sadly this has been moving upwards from 89ishp to current 112p since it hit my watchlist. I actually still think there is a lot of short term upside here. BT have really started turning the business around, trimming staff, expanding their fibe optic rollout programme and focusing on their core business. It's a case of battening down the hatches for now and seeing the recession out. I'm going to wait for a down day to pounce but it will be soon I feel.

A stock I am now looking to short is LloydsTSB - the inevitable sell off by UKFI will cause some noise in the markets but I don't think overall this will massively impact the price, as the sales will be staggered and are still some way off given UKFI are sat on a loss over 10 billion at present (RBS + LloydsTSB combined figure). Lloyds were a very good, profitable bank - taking on HBOS was a big mistake and it's all starting to emerge. There is a plan in place to turn this around and long term I'd buy but i think there is a short term play on this, so looking for an entry.