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maximumvalues

maximumvalues
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  • Tesla Rated Ripe: Too Scared To Touch It [View article]
    The market is already aware of the upcoming models etc. TSLA is cooked. The market is up today and TSLA continues to retreat from its fresh highs. Very few buyers at this level and no shorts wish to cover this nosebleed stock.
    Aug 21 02:56 PM | 1 Like Like |Link to Comment
  • Tesla Rated Ripe: Too Scared To Touch It [View article]
    I'm short from $264.40 and would take short here too. But I have my maximum position at this one price point based on strong study of the price action.

    I believe this stock will gravitate to a key moving average I use at $240 at minimum. If anything goes wrong for the business the move could be deeper and swifter as all we here are bullish analysts calling for as high as $400.

    Good luck trading!
    Aug 21 02:54 PM | Likes Like |Link to Comment
  • One Thing Is Odd [View article]
    8 of 32 expired on me. 16 of 32 sold at a profit. 8 sold at a small loss. Can't win them all my friend. My BIO options tripled and I sold them sub 115 to someone else. They were 125s. This is the options game. Triples, Doubles and Flunks. I have TSLA puts bought at $264.40 and they look good so far. Sell at a double is the plan.

    Trading is not easy. If you are right 60% of the time and make a double or better you get ahead.

    Good luck trading.
    Aug 20 10:36 PM | Likes Like |Link to Comment
  • Why I'm Staying Away From A Long-Term Investment In Tesla [View article]
    This same strategy with a heavily indebted company that finds trouble along the way will result in substantial loss. Many growth stocks in the past burst into flames... nobody knows what will happen so far out. Short term is much easier to predict using technical analysis like the author presents.
    Aug 20 10:28 PM | 2 Likes Like |Link to Comment
  • Why I'm Staying Away From A Long-Term Investment In Tesla [View article]
    What matters in trading is what happens tomorrow and not what happened. If you own TSLA at $264 and do not sell and it goes to $250 you missed an opportunity to sell and buy cheaper no matter what you paid. Also, if you don't sell this and buy that you miss the boat too. Don't worry about what you paid but where the stock is headed. Right now it is in a short term down-trend and I've shorted at $264.40 and looking for $240ish ... see what happens.. .but this is what my chart says until it says different. I will then cover my short and go long.

    The author speaks of trading the stock and not buying holding hoping and praying and never considering the price action ahead.

    Good luck trading/investing.
    Aug 20 10:26 PM | 3 Likes Like |Link to Comment
  • Amazon: $389 Or $209? Pick Your Scenario [View article]
    QUITE Simple technically. IF AMZN can close above $338 this week on a daily close it has conquered the 61.8% retrace of the earnings gap down low. If it fails to hold above $338 on a daily close this week I stay bearish on the stock.

    Good luck trading. $338 above, daily close bullish, below $338 bearish.
    Aug 20 04:23 PM | Likes Like |Link to Comment
  • Tesla: The Short Of The Decade? [View article]
    $264.40 was my entry short. BS upgrade followed up by reality. Look at FUN chart. the Final push higher was an upgrade and the stock fell $10 from there quickly. AMZN just completed a 61.8% retrace of the recent gap down at $338 ... now at $335... here is your chance at AMZN! IF you look at the price action today... slight push higher on NO VOLUME TRADE. Volume came in when the stock came close the early day highs which I took short for a day trade and made a bit of cash.

    Good luck trading!
    Aug 20 01:30 AM | Likes Like |Link to Comment
  • Tesla: The Short Of The Decade? [View article]
    well... I shorted this goofball stock at $264.40 and this was based on a technical candle pattern that shows that it should not close above $264.60 and it has held true. Any stock can be shorted using the right analysis, stop and profit target. It did attempt a move above this level but the daily close is the best indicator of strength. A high of $267 was hit early in the day only for the closing price of $260 ... quite an intraday move that is indicative of a bearish stock. See what happens next.

    Timing is everything when buy/sell any stock. Smart shorts/longs always win or keep the loss reasonable with a well laid out plan.

    Good luck trading!
    Aug 20 01:27 AM | Likes Like |Link to Comment
  • One Thing Is Odd [View article]
    AMZN trades mostly technical. So the gap down and move lower has made a perfect 61.8% retrace at $338 ... the next move is likely lower as I watched it trade all day and the buying dried right up above $335. The selling got panicky at $335.40 ...
    Aug 19 06:52 PM | 3 Likes Like |Link to Comment
  • One Thing Is Odd [View article]
    AND on top of this. Walmart agrees to Disney pricing and is selling product that AMZN has skipped. AMZN can't get along with an important supplier like Disney? AMZN can't pay its suppliers on time. So long a list it is hard to understand. And look at the trading volume today. It is certainly bizarre.... but so is the whole market. So much that makes no sense ... Thus, it can stay strange longer than we can stay solvent? AMZN is for day trading. I got short and covered near the close for a profit for my firm today yet I can't make money overnight in my own account.
    Aug 19 06:51 PM | 3 Likes Like |Link to Comment
  • The Amazon Fire Phone Will Probably Do Even Worse Than Expected [View article]
    If you believe in GAP fill theory. The most likely point of retrace is $338 which is the 61.8@ retracement. See what the stock does if it hits $338.

    I highly doubt that it can fill the gap it just made as they have proven incapable of beating wall street expectations for over a year. Things, like the balance sheet shape, are looking a bit desperate.

    Good luck trading!
    Aug 18 01:02 AM | Likes Like |Link to Comment
  • Tesla: The One Major Item That Concerns Me [View article]
    Agree, last week they had someone touting a $430 price target. This is a small company and the market value is so out of whack. They just do this and laugh at the shorts until the cookie crumbles. I've been in and out of the puts. Make a little each time. However, one time this may just get a serious correction. All this pumping will simply stop working one day. The key is to find the day it happens.

    Good luck trading. I bought TSLA puts $240 SEP at $263.40. See what happens this coming week.
    Aug 16 11:45 AM | Likes Like |Link to Comment
  • Update: The Fire Phone Flops Like A Dying Fish [View article]
    Well ... Another loser quarter... 5 in a row and unlike many other gap downs, AMZN retraces some of the gap. It looks like it will head to 61.8% retrace of gap at $338... very surprising. Hindsight is always 20/20.

    See what happens when/if it hits $338 which looks very likely.
    Aug 14 07:26 PM | Likes Like |Link to Comment
  • Tesla: The One Major Item That Concerns Me [View article]
    MONTHLY options expire this week and this will lead to sell pressure as we saw present today. TSLA is simply ahead of itself in price action and must be parked lower so options writers don't lose their shirts. AMZN had to be pushed higher for the same reason. I say it has 2 down days into OPEX expiry. See what happens.
    Aug 13 05:23 PM | Likes Like |Link to Comment
  • Tesla: The One Major Item That Concerns Me [View article]
    If you can read a chart ... you would not be writing this a day later. Today's price action is a topping candle. Price should now be contained below $263.60 ... I'm short.
    Aug 13 04:28 PM | Likes Like |Link to Comment
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