Shorted recently at 65 when the great news broke. And then today it rocketed up again on news. Thankfully, it dove because everybody is bad mouthing this. So I covered. Had the reaction been positive I would have stayed with the position.
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.
Stock has peaked. Just a guess ofcourse. People are not scared at all by the drop. Meaning no serious rally is coming.
Sentiment: Strong Sell
Me I am what is called a long term bagholder. I really think it's over. For this stock. Amazon too. NKE. DIS.
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.
You can't do that.... The odds have to be the best. And so there are very few times you can do anything. As this gapped up on great news besting the highs,
yes, by all means, it's OK to go against. But that's it. Stop looking for action. 99.99 percent of the time do nothing. Same for FB. There was a time for it. I
You do not want to see anything positive. Comments, higher price projections, upgrades or whatever. It hurts the performance of the corresponding stock. It might 'help' but if it becomes the norm it means the fat lady is singing.
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.