|Day Low/High||42.67 / 43.74|
|52 Wk Low/High||27.92 / 52.28|
Here is a partial list of my (non-Index) individual equity shorts: , , , , , , , , , , , , , , , , , , and .
And even then, only if it seems that COVID is finally on the run, allowing for a second attempt at a full reopening of the economy.
Sometimes discipline trumps an opinion. And this is clearly the case over the last few weeks. I have taken down the size in a number of shorts - as I am obviously on the wrong side of Ms Market. This includes , , , , , , and . All are small-size...
Yesterday's new shorts - , , and - are behaving poorly... or well, depending on your vantage point!
These guys are aware that the U.S. was energy independent less than a year and a half ago, right?
I have shorted Delta Air Lines today. DAL was placed on my Best Ideas List at $48.82 in April, 2021. So, I am starting small as my entry point (around $41) may not be ideal. Here is my short thesis.
But remember I think it's all a snag and one that will be rectified in two ways.
The airlines still need a few days of running to get back to where they were only days ago, but I see a play in DAL.
A number of the shorts on my Best Ideas List are getting schmeissed today: * Tesla was placed on the List at $688 on 6/29/2021. Trading at $664 and down $5 today. * was placed on the List at $238 on 6/1/2021. Trading at $172 and down $7.70 today. * ...
If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.
Delta Air Lines new low. Microsoft new high. This is a market of profound contrasts.
The airline's technical pattern indicates it could be setting up for a rally after a period of descent.
Shares of BLK have delivered strong gains with more likely ahead.
One of the key technical market concerns/divergences (and the reason I am scaling into Index shorts on strength) are the continuing and consistently weak breadth. Today the decliners exceeded the advancers by a 8:7 ratio. As I mentioned in yeste...
"Beware of false prophets, who come to you in sheep's clothing but inwardly are ravenous wolves." - Matthew 7:15 In a maturing bull market, contrarian views can be enlightening. I will again note how critical one should look at "Group Stink" espec...
* Is it time to expect the unexpected? * Too much "group stink" and "first level thinking" has invaded the markets * As an example, just look at the shares of General Motors and Delta Air Lines - both have been the subject of near universal optimism...
Delta Air Lines is one of most widely popular "opening stocks." The shares continue to roll over - down another -$1.80 (4%) today., trading to $42.60. The shares were added to my Best Ideas List (short) at $48.82 in April, 2021. Here is my short t...
Delta Air Lines - on my Best Ideas List (short) - is near a four month low. I would remain short.
Delta Air Lines has begun to roll over again (on the charts). DAL is on my Best Ideas List (short).
* A win for the bears, today * And continued losses for Financial TV Though well off of the session lows there was less than meets the eye to the market today: * Breadth was consistently weak throughout the trading session (14 advancers for every 1...
Break in! Delta Air Lines gives its second half guidance - and it is a bit disappointing. I would be short DAL - which is on my Best Ideas List (short).
Let's look at the many positive story lines out there -- which having nothing to do with the Fed -- and what they mean for investors.
Perennial and popular favorite Disney is approaching the low $170s where I would cover the short. Delta Air Lines is down hard again and I would cover $40-$42.
Investors are underestimating the potentially significant secular increase in defense spending. Here are several opportunities among prime defense contractors.
Delta Air Lines (placed on my Best Ideas List (short) at $48.88 on April 13, 2021) continues to be a downside feature as airlines are now threatened by the lack of availability of fuel. Trading -2.5% today, to $44.25, I would short this name on any...