I don't believe a word of being out of the woods yet....Monk I just hit a HOMERUN. I had a SHORT in YUM! Brands. I faded Daniel Loeb awhile back at 90 and change. Nothing huge . But big enough$$
I trade the SPY... Hey I want an UP market. I have portfolios that do me no good CRASHED.. I hedge and trade. There are a number of company's that have no business being priced as they are. Like BWLD, MNST and that kind of ilk.Tough cookies. Short at your own risk.. But matter of fact there is 1. That schmuck Bill Ackman has been running up ZTS Zoetis Inc. It was a spin off from Pfizer. ZTS sells animal health medicines and vaccines for livestock (STOOOOOOOOO PID).. But with Ackhole in. ITS A SELL.. But the 52 week was $55 and now its $41. I could see it back in the $20s.
When the boy genius(Daniel Loeb) got in and ran it up. All the fire bells went off in my head..... Loeb is a rich boy by way of relatives and PURE LUCK..He likes troubled companies.. So if he got in it had problems... And this time he was caught with his pants around his ankles... Hedge fund managers are nothing but FEE THIEVES.
That would be up to you. If it was me. I would wait for a solid 65ish. This STOCK has got major problems. It will never go in my portfolio(As a long)
Didn't need insider knowledge on this 1
Monk. I got off shorts ALL THE WAY from 198.90 and lower. When 197.00 wouldn't crack with only The OIH and Oil putting in gains... I bailed at 197.40..Made a little over a dollar...........................What I DON'T LIKE.. I think the market is going this way ᷿ ↓ ↕ ↧ ↨ ↯ ↲ ↳ ↵ ⇅ ⇊ ⇓ ⇟ ⇣ ⇩