|Day Low/High||8.31 / 9.48|
|52 Wk Low/High||1.91 / 7.78|
* The sky is falling for the shares of many of the gewgaws of yesterday or of the week before! * I remain short the stuff that "they" have been buying * History rhymes... Some on our site and elsewhere have recoiled privately and publicly at my vie...
Those investors who hold Costco because they believe in the retailer are not among friends when it comes to many of their fellow stockholders.
* And a few more observations about speculative activity, "talking heads" and celebrity (investors) * Another new (speculative investing) paradigm? Hardly * As night follows day, the current speculative phase will end, and with it, countless traders...
Everything came up roses Monday -- except for what matters most, broad participation.
Sentiment has improved, but the key to the price action will be whether there are higher highs following early profit-taking.
While there are some good setups for stock pickers, the momentum is fizzling out very fast.
It's interesting that Tesla began to form a topping pattern around that same time that meme stocks stole the spotlight.
This can be a good environment for aggressive trading, but it's important to stay selective and disciplined.
The market's catalyst had everything to do with the virus... optimism that humankind might stuff that scourge back into Pandora's box.
Stock pickers are back, and they working on short squeezes again.
On Tuesday I wrote an evergreen column for TheStreet on short selling that hopefully communicated some important principles and tenets and can be returned to when shorts are considered. I wanted to re-post it here on Wednesday morning: When Short Se...
The short-term puts look like an attractive sell opportunity.
At least for the moment the bloom is a bit off the speculative corner of the markets. Traders and gamblers note that the declines below could come to a stock your trading: * Tilray has gone from $70 to $28. * AMC has declined from $22 to $5. * Gam...
There was plenty of idiotic behavior to go around amid the recent short squeeze frenzy, but it doesn't appear to reach the level of illegality.
The 'suits vs. retail' paradigm drove up GameStop and AMC, but market reality shows quite a different story. Here is how to benefit from shifting allegiance in online brokerages.
As I mentioned in my opener and during the last several days, the short opportunities are multiplying - with outstanding reward vs. risk ratios. Within the last 10 days I have made +30% on a short, +45% on a short and, today, +45% on a short - all ...
Groups of traders acting together have been around forever, but the nature of it changes from time-to-time.
For those not fundamentally inclined, check out my trade idea on the cult cannabis name.
* All along the watchtower speculation is running amok If the sun refused to shine I don't mind, I don't mind (Yeah) If the mountains fell in the sea Let it be, it ain't me (Alright) Got my own world to look through and uh And I ain't gonna copy you...
This is the first of a three-part piece on the recent short-selling saga spurred by traders from Reddit's 'Wallstreetbets.'
They joined forces in an attempt to influence silver prices higher in hopes of a short squeeze.
Are you going to gamble for entertainment purposes or be a serious trader that turns this into an ongoing source of income?
Plus, Thursday was a solid day for nearly all sectors of the market, though Peloton Interactive pulls back after posting results.
Put down the slingshot and study these seven tenets.
* I remain bearish * I still smell varmint poontang "And I say, "Hey, Lama, hey, how about a little something, you know, for the effort, you know." And he says, "Oh, uh, there won't be any money, but when you die, on your deathbed, you will receive...
Right off the top, the bubble has burst for the 'short squeeze' names such as GameStop and AMC Entertainment.
Are we back to the days when the markets only go up? This is what we do know -- and what we could use.
Sir Arthur's midday musings on GameStop , AMC , Amazon , Alphabet . Mid-day update 2/2/21 It strongly appears that the short squeeze group is in vast disarray. GameStop and AMC are both under pressure and silver which some of them have chosen as a...
Throughout this pandemic I have been on the prowl for companies that have reinvented themselves.