|Day Low/High||252.28 / 262.31|
|52 Wk Low/High||151.10 / 289.23|
* We remain in a 'Bull Market In Complacency' * There is certainty and precision of the bullish consensus despite a wide range of possible market and economic outcomes - many of which are adverse and market unfriendly * A deeper than expected (and "...
The spending spree on BNPL could be adding more risk later for investors.
One day, either the Modern Monetary Theorists will be right, or the fiscal hawks will prove correct. Count me with the hawks.
We're considering all three stocks after recent pullbacks.
Some pandemic beneficiaries are seeing growth slow down. But secular and/or cyclical trends remain strong for many other tech names.
The charts of the two growth stocks are worth tracking, especially after Amazon's recent pullback.
* To be frank, I also call BS to those who are now endorsing HOOD's shares * Many of the same pundits who supported the shares of other meme stocks - like GME and AMC (that have recently crashed and burned) - are now endorsing HOOD * History will rh...
Imagine if the SEC did not prohibit underwriters from lending out shares to short-sellers for 30 days after an IPO?
For investors, mobile payments could represent a chance to get in early on a trend that is likely to accelerate in the future.
Let's check out the charts of SQ following Monday's big move.
This morning I have added to , , , longs. I have covered my short rental. I have also expanded my and shorts.
dougie kass Drinking Kool Aid! This morning Wall Street analysts and commentators are universally feasting on Square's acquisition and ignoring valuations. Trading a hugely overpriced security for another expensive equity - it is an old game. And t...
My cost basis on the Square short is now $266.72. My cost basis on the Robinhood short is now $36.79.
They are all chasing the same people, the millennials.
In a real attempt to be transparent - here are my trades from this morning with today's cost basis in parentheses: * Short ($440.99) * Short ($366.57) * Short ($36.60) * Short ($383.70) * Short ($98.19) * Short ($260.71) * Short ($711.32) * Short ...
Yet I'm not all that crazy about such a reliance upon Bitcoin for performance.
The average price on today's Tesla and Square small shorts are $703.90 and $260.71, respectively.
Shorted more Tesla at $703 in premarket trading. I have shorted Square at $244. More to come.
Let's look at the key drivers and how they shape my views of owning credit spreads, Treasuries, and in which direction we could see stocks go.
But remember I think it's all a snag and one that will be rectified in two ways.
Small-caps and mid-caps are still picking first downs on every play, storming back from a badly oversold condition that has just about normalized.