You sound desperate? Keep trashing this stock as it continues to rise. Longs need stubborn shorts like you on the other side of the trade for the stock to keep going higher. No one is listening to your advice. If you were short near $100, you would have credibility. A strong sell with very little downside? What's your point? Move on!
Go ahead then since you seem to have the inside scoop, put your money where your mouth is and short it.
You still trying to jump in and out of this stock? Told you a few times. Just enjoy the ride. It's always a one way train in this mo-mo stock both on the way down and now on the way up.
Yup, magnet to the 50 day. Shorts will have try to defend that level, but if they fail, capitulation may take us higher still.
You don't know if you're coming or going, getting wip-sawed day by day. Go ahead and keep getting stopped out on the long and short side. Your gains if any will be miniscule. Your losses will just add up little by little. I'll just sit back and enjoy the ride!
Wait a minute, you were short at $28.80, Now you're long at $29.20? So you did put a stop in on your short position after all, and then went long. You're not as dumb as I thought!
So hft_lover, did you put in a stop like I suggested on Monday, or are you in a loss position and white knuckling it? That's what happens when you try to press a short on a mo-mo stock near 52-week lows. You get wiped out! Shorts are in nervous territory and many haven't even covered yet. Get out now while your loss is only a couple of grand. Could get a lot worse as this grinds into the $30s.
$FEYE still in a downtrend so shorts should keep pressing until trend changes. The problem for new shorts is the trend doesn't change until above the 50 day which is currently around $34.50. That means that new short positions will be at a big loss before they cover. You may want to put on a tight stop or your miniscule gain today or it may turn into a big loss.
You just figured that out? These overvalued momentum stocks can go in one direction until maximum pain occurs. When FEYE was near all time highs, I posted to sell or buy puts hand over fist when everyone was posting that it would go above 100 and the shorts were getting killed. It was so far stretched above it's moving averages, further than any other stock on the market. Now, it is probably the most hated stock on the market. Now, it's time to buy or buy calls. When this thing turns, it will hurt the shorts, just like the longs were crushed at the top. That's how you trade this #$%$. You don't invest.
Good call. MACD on FEYE has converged and RSI has flattened at the bottom of the long term range. Selling looks to be drying up.and shorts will have to cover at some point. This looks like a good level to go long. I've started a long position with calls and will increase if it goes even lower to hold into the next earnings report.
Just ignore those morons that say it's going to $20. They're just agitators, not real traders. Too much negative sentiment and poor technicals right now. Let the shorts pile on and send this as low as they want, but keep buying as you get lower prices. Come back in a month or two and FEYE should be in the $30s. The more this gets pounded, the more the shorts get complacent. Perfect set up for a squeeze.but will require patience. We've seen this movie before and this won't be any different!
Posted on this board two days ago that the sell-off after earnings was a buying opportunity. Don't say you weren't warned not to be duped by a few institutional sellers. They have a thesis and they stubbornly stick it. They are selling at the bottom of the range. You're supposed to buy low sell high, not the other way around. Still more upside in RAX, especially when buyout rumors begin to swirl.
Too many numskulls trade this on technicals only. BA needs to be traded on both technicals and fundamentals. When it gets under $120, you buy hand over fist. The knuckheads on this board that try pressing their shorts below $120 are just sour. They're the ones giving you the thumbs down because they are getting crushed with their shorts today!
This was trading on macro news and technicals. Eventually fundamentals will bring this stock back up by next earnings. $122 is an important level and shorts don't want this to close above or they'll have to cover.
Most stocks would be up 10% on this news, but the Institutional holders have a thesis on RAX of increased competition and lower margins, causing them to sell and now momentum traders and shorts are piling on. I would definitely use this as a buying opportunity. When acquisition news begins to stir up again, even if it just rumor or speculation, shorts will panic and this should pop into the 30s again. History tends to repeat itself. Don't be duped.
Apparently this imbecile of an analyst did make an asinine call just prior to earnings. Ever since the downgrade, EBAY has gone straight up. Perhaps he might wait until the earnings report next time!