|Day Low/High||407.38 / 422.89|
|52 Wk Low/High||57.84 / 502.49|
The odds are increasing that a downside move could soon begin.
Yesterday afternoon, in "Some Investment Themes to Consider Over the Next Few Months" I outlined some strategic and thematic ideas that I am currently employing for year-end and for 2021 that warrants a rereading and further consideration: * Short ...
If a tech company can sell a narrative of runaway long-term growth, it's getting richly rewarded. But if the narrative starts getting questioned, things can turn ugly in a hurry.
After years of being losers how did everything auto catch fire? Simple: the darned pandemic.
I have covered my Tesla short for a small loss. I still think the shares are dramatically over priced but I am finding many more "predictable" short opportunities without the drama!
TSLA has had the premium EV market virtually to itself for 3.5 years and should be printing profits, but it's not.
TSLA has now posted five consecutive quarters of profitability while rapidly increasing productivity as well as margin.
* The technical and fundamental signposts could be spelling near term problems ahead * Yesterday I moved to a medium-sized short exposure - adding to and initiating more short positions * I have a negative short and intermediate term market view "A...
The big issue looming over the market isn't earnings or stimulus but whether the election is going to be as chaotic as many fear.
The S&P 500 has made a weak close on six of the last seven days.
There is a presidential debate on Thursday. The market is being forced to adjust for renewed potential uncertainty.
I'm starting to believe the legacy automakers may be the best way to play the EV space in 2021.
We continue to look for weaker prices heading into the year-end.
My short book of individual names - away from the Indices - include Tesla , Zoom and Carvana . Given the aforementioned pivot from growth to value that I am playing over the balance of 2020 - which could be exacerbated by the selling FAANG names in...
It might be like cold water in the face to think that earnings don't matter. But these stocks have detached themselves from all metrics.
* Apple, Facebook and Netflix are new short names In case you missed it - I put on three new shorts on Friday afternoon. Apple , Netflix and Facebook are the new names. This makes six individual stock shorts -- , and are the others.
* I am short three stocks, all small-sized Away from my Index shorts, I am short three individual equities - Tesla , Zoom and Carvana . Each position is small sized - which I define as less than 1% of my portfolios. (See my Weightings profile, her...
Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.
To see the immediate selling in the stock on the off chance Hindenburg's report could possibly be on SPAQ is downright scary.
I am out of - I have no Index longs left - and I have increased the size of my Tesla , Zoom and Carvana shorts.
My only three shorts include Carvana , Tesla , and Zoom .
Just as we saw with pot stocks, if you play shares strictly because they're going up, you're likely to get burnt.
PLL traded sideways to lower until early September when traders may have gotten a hint the company was going to strike a deal with Tesla.