|Day Low/High||158.87 / 167.22|
|52 Wk Low/High||3.97 / 483.00|
As world economies reopen, there's a chance for some of these shipwrecked stocks to sail the bullish seas once again.
* This is not a strategy for most! I started shorting at $285 and all the way up to $329.75 (on a scale). I covered at $252. This is my second sojourn onto the "dark side" with GameStop. Fortunately my accumulated gain is about $200/share. I shoul...
The rebellion against concept investing I think is not done but it will be if we get twice the GDP growth than we have had.
Few should short GameStop but if you want exposure (on the short side) I would look into shorting the Russell 2000 fund as GME is now the largest component of the Russell Index. That helps to explain the outsized gain in the IWM today (+$4/share). I...
I put out more , and since my last post. My average cost on the small GME short is $297.
Lately, these reports leave a lot to be desired. They appear to be praying on the emotions of traders.
* Many might consider backing off a bit from the game - by reducing your portfolio's 'VAR' * The pivot from growth to value may have hit a short term peak in intensity yesterday * If correct, there may be developing value plays in growth - I like Am...
Let's look at seven names that you can buy right now and watch grow.
Short selling is a powerful tool, but it is not just the inverse of going long and requires a very different mindset to do it effectively.
* 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.
One of the most continual themes in this market is that anything that was liked last year is hated this year.
* 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...
"Unless someone like you cares a whole awful lot. Nothing is going to get better. It's not." - Dr. Seuss Forget the markets. I am transitioning to book trading. Prices gapping through the roof on eBay . $20k. Wish I was long Dr. Seuss yesterday...
Sentiment has improved, but the key to the price action will be whether there are higher highs following early profit-taking.
I believe more sensible regulations should be considered and enforcement is needed to adapt to gains in technology.
It has become the market equivalent of the storming of the Capitol, and the viciousness must stop.
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Let's look at the move in bonds, how it will lead stocks -- and load the deck with some 'b-sides.'
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.
* Speculation is an almost constant condition - it has been going on thru the history of time * But manipulative practices ruin our markets * The introduction of a financial transaction tax and the elimination of near term (weekly) call options woul...
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.
Has the shift from loving tech stocks to hating them come full circle?