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- Thread starter SoapyCy
- Start date
Their planes have a bad tendency to fall out of the sky these days. And they just lost a ton of money while borrowing another $10 Billion bucks or so. Chart looks very weak. The MAX isn't flying again.
Oh and we just happen to have a new potential pandemic outbreak to shut down air traffic. I mean. What else do you need to sell this stock?
I've try day trading for a while and essentially it boils down to a gamble that you need to watch non-stop all day.
it's mentally taxing, it's frustrating, and you can make 10 good bets in a row only to be wiped out by one bad bet. On January 12th I was up $6,200 this month alone day trading. I'm going to end the month losing about $800. Same strategy, say metrics only I lost.
1-30-20 edit: i sold my Apple shorts and the following day the price dropped and so i lost out on $500. no one knows which way a stock will go. it's gambling 100$
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Day trading is certainly not for me. It pretty much is a guess and you are up against computers and random headlines or news. Longer term is hard enough but it's much easier to see dislocations in the market.
That probably works well in the short run. I wouldn't want to bet your money on that long run. It takes awhile for people to catch up and see many things. I'll take some bets on Tesla. It will trade below $50 a share again (not split adjusted of course). Probably well before 2024.
Or as the old trader stated. The market can stay irrational longer than you can stay solvent.
So, you're obviously heavily shorting it at the moment, right??
https://www.cnbc.com/2020/01/30/tes...an-1-billion-as-stock-surges-on-earnings.html
No, go read the 2019 thread again. I'm not doing either as the stock is far too manipulated. I may dabble after the peak but I have no current interest in the stock. This is nothing but an old fashioned, albeit unusually strong, short squeeze. It's even happened in this industry before. Look at this chart of Volkswagon.
https://moxreports.com/vw-infinity-squeeze/
I am invested and buying up shares in another company that I may hope for a similar short squeeze. Setting up nicely but we will need some sales and the economy to accomplish.
Down 550 points today and no comments. I guess the algorithms finally Googled the word pandemic? Tesla is still up so everyone should be fine. The joke was yesterday the WHO declaring it a problem and that triggered buying...
Lots of money printing by the feds. Plus if Bernard gets elected, gold and silver prices should go up.
Tesla is starting to look like a heck of a short squeeze (up $111 / share TODAY) and that was with only 15% short position. I found this comment on a Yahoo board, although I copied because a link will just show it getting buried quickly. This feels like some really wise advice.
Posted by a 20/20: "My advice 3 weeks ago when Tesla was 475 (i'm posting this because most people don't understand the game of poker they are playing, pay special attention to my statement "there is no price that is to high in a short squeeze);
This is going to go up all day as shorts get margin calls. Eventually this stock sells off to fundamental valuations which are currently pricing the stock at 150 but i'll bet this thing gets squeezed above 750 before all is said and done. Really their is no price to high for a squeeze as has been proven many times before. I've seen completely worthless stocks rally 1000% on a squeeze. What newbie traders don't understand is that anybody holding Tesla based on valuation has already sold, that leave the clueless longs who wouldn't sell at any price because as it goes up they say to themselves; "I can't sell now, i'm making to much money, and then as the stock craters they won't sell either because they say; "If only it will go back up to it's peak, i'll get out" only to see the stock plunge more. the clueless shorts and professional traders that will squeeze, squeeze them are the only players who count here"
I’ve got quite a few eggs in the AIMT basket. Their first of its kind peanut allergy medication, Palforzia, was approved by the FDA Friday afternoon. The stock jumped to $36 in the aftermarket Friday. I was expecting a short squeeze today, but folks sold the news and it settled at $33 today. Many institutions have a price target of over $60 for AIMT. Something to add to your watch lists. Good luck to all..
biotechs are so volatile. Most have terrible financials and they're either not getting drugs approved or are getting bought out by a larger company.
I worked for a hedge fund and on a few occasions the portfolio would long the buying company (Roche Holdings for example) and short the company being bought. Getting burned on both ends.
Some large asset managers won't touch biotechs.
