TymeSlayer
Tramps like us, Baby we were born to run...
Dow 30K before the end of February. Than a correction and probably a relative big one at that. I think the NASDAQ will hit 10K around the same tyme.
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Price action still says we're clear for new highs through Q3. Once 27k falls, a relatively quick run to high 29k seems reasonable. Say 29.7-29.8k before the shorts really pile in. My loose time target is for end of Sept '19.
Ironically, it'll be the shorts that fuel the rise as they cover losing positions from every new high.
Be long and prosper.
May have a lot more to do with this game than most people realize.......if it ever gets smart...watch out!dumb luck
It's only a problem for those that don't have some sort of hedge and are 'naked' shorts. And even for all the perma-bears that I know personally, none are dumb enough to operate naked.Somebody's taking it in the shorts...
Tesla short sellers are down $8 billion in 2020, including $2.5 billion alone from Monday’s pop
Tesla short sellers are down $8 billion in 2020, including $2.5 billion alone from Monday's pop
Investors betting against Tesla's stock have lost $8.3 billion since the beginning of the year, according to data from S3 Partners.www.cnbc.com
Maybe one of these days I'll learn enough about the stock market to understand half of what you just said in that last paragraph... It's something I've always been intrigued by but have never put time into learning. Then again, you need money on hand to be able to invest, first.It's only a problem for those that don't have some sort of hedge and are 'naked' shorts. And even for all the perma-bears that I know personally, none are dumb enough to operate naked.
The type of investor that would benefit most from this article is ironically, a large institutional short who sold this last peak.
---
Today's action looks like a relief bounce to me. Used the first half hour of the day to roll and reinforce the put positions. Added to OTM call side with about half the profits toward the end of the session. Still carrying the downward short term (daily/week) bias for now.
Eventually, it's not going to amount to much. I was most concerned about it 12 days ago...before the US border was 'closed' and the contagiousness was more clear. I believe that the Chinese cover up is largely done. I think even they see that there's no good reason to continue or significantly under report numbers.Hey Grant, what's you opinion on what the virus is going to do to the markets? I certainly don't trust the Chinese gov to tell us exactly how many are infected at this point. With 30k+ cases being reported, it looks like it's just going to make it into the general population. If they don't find a cure or vaccine, it'll kill approx 165M people if the 3% mortality rate holds up. What's that going to do? Just curious of your opinion.
These rolled positions are 'losing money', but are 'free' after cashing in previous winning positions.Used the first half hour of the day to roll and reinforce the put positions.
These were the 'hedge' position and made money yesterday. Most of it was cashed, but part of the profit is 'rolled' and new OTM (out of the money) positions were bought in 'straddle' and 'strangle' configuration. Of which the put side is paying a bit today, but no action taken so far. Might just cash some of it.Added to OTM call side with about half the profits toward the end of the session.
Ditto.Still carrying the downward short term (daily/week) bias for now.
Agreed. You're not Grant.Not Grant but...
It's certainly going to affect the supply chain for manufacturing. To what degree - who knows. IMHO, we are close to a vaccine and am not concerned for the long haul.
Well that's good news. It must be extremely difficult to get any news confirmed coming from China at the moment. Not surprised to see the early reporting being wrong.Not dead. Conspiracies abound. Like the folks not drinking Corona beer to prevent catching the virus.
Although I wouldn't mind a pull-back so I can weaken my cash position.
Coronavirus: Chinese whistleblower doctor 'in critical condition' after earlier reports he had died
Li Wenliang, 34, an ophthalmologist at Wuhan Central Hospital, sent a message in a chat group on 30 December to fellow doctors warning them of an outbreak.uk.news.yahoo.com