Checked indicators and surprisingly enough there is nothing to worry about. This decline looks solid. Even if it goes up a few points it's ok. Because until things change it would be transient. If it even happens.
Buy bcs hsbc lyg rbs. Fxb. Brexit is good as the bureaucracy in Brussels is like the Democrat Party on steroids. A semi communist bunch of Obama like busybodies making war on property rights and importing the lowest type of #$%$. Raping murdering religious fanatics impossible to assimilate.
Zuckerberg, I tell everybody, is a giant, striding the earth. And Bezos means retail is finished. That's the current meme now.
This was a great buy last week with all the other European/British banks. Got good prices. Also ofcourse the Pound which I sold yesterday because Brexit won't happen. Always do what makes no sense. 8n markets.
You do want a lot of shorts when buying. And when shorting, hopefully there is nobody with you. You must be all alone in the investment world.
A classic case of a stock that is so over..... I mean, it's got everything. Very much like Disney last year. Ofcourse it's nothing but a guess. Still, I am comfortable with my position.
Sentiment: Strong Sell
Being short does not hurt the price. The real problem is the need to put in a stop. Which is absurd. It can never work. Which is the main reason every trader loses (other problems are commissions and bid-ask). I am short this, but just bit for fun. Plus AMZN DIS EW FSLR GILD HLF NKE.
A few months ago was the time for buying commodity stocks. Gold ones included. This has nothing to do with being a gold bug. And it is true, doing anything with options is stupid.
I just covered more. Shorted after the Star Wars record breaking opening. But really, this is not a stock to be in. It has too many good things going for it. Greece, Russia, Japan, Latin commodity stocks. Too late now but there were lots of bargains to be found recently. My other shorts are ew fb gild hlf nke sflr. These all had massive runs and then a final lunge on great news. Leading to higher price projections, great public intrest. For weeks, with Disney, people were buying heavily in the weeks before Star Wars opened. Hopefully they sold soon after. But most likely, no. Else it would not have fallen so hard.
I am Short gild. It's great. There was a time everybody was estatic. Nobody had a bad word to say. Also short fb ew nke fslr hlf. And today started with this one here again.
It can't be right. Using facts. There is something wrong in the approach. Thinking that worms (which is what we are when compared to the market) know anything. Like, for example, FB. I shorted at 116 and 118. After the close yesterday. What do I know about the company? Nothing. Even Zuckerberg can't devine it's future. And if he could, what about the economy and it's effects? Possible competitors, which do not even exist today. So why did I do it? Various contrary opinion tools. Are they perfect? No. AMZN today? After the news? Negative. Because some people like it and some don't. Meaning you can do nothing. Shorting is for idiots. Because you need a stop. So just a few stocks (amzn dis ew fslr gild nke) and teensy amts. For fun only. Something different. FSLR and GILD working today and after hrs. The coal stocks really hurt. Not so much the money but because they really show that theories are just that. That's what led me to the new tools. Let me show you a little trick. In Barron's every week they have a chart telling if money is going or leaving equities per month (in the mutual fund section). Never buy stocks if money going in. Also, lipper has weekly money flows into etfs. For a month, the weekly figures added up should equal a negative amt if you want to buy stocks. Cnn fear greed - Google those three words. Very instructive tool.
I will never buy a stock unless there are zillions of downgrades and low price projections. Shorting is stupid. I do a little for fun. But I need loads of upgrades and the highest possible price projections.