Shortselling
Heavy RSI divergence in Cholamandalam at a very crucial point RSI divergence is clearly visible in the chart.
hence I would suggest people to be bearish since cholamandalam already gave a breakout and can possibly give a retracement and therefore fulfilling our strategy
please don't short below the red line near 270.
target 1 of near 1.9% can be achieved if cholamandalam starts falling
for people who want to take more risk can book small profits at target 1 and then continue on to target 2
please check market sentiments
a bearish market will add to our idea
NZDCAD =SELL for Long Term -Wait until Correction Candle in Day Hello Guys,
Weekly and Monthly... NZDCAD is on top registance price in Channel Pattern.
We need to wait a correction candle (long red candle on Daily or H4). If you see it, we can go to long run...
But there is another obstacle barrier - 50 EMA and 200 EMA in Daily Chart.
I hope it is going down Fibo 50% ~ 61%.
Good Luck.
Lucking Coffee fraud scandal: Retail Investors rush in to buy 💩
Quoting:
"The Chinese coffee chain has now suspended its chief operating officer Jian Liu and staff reporting to him.
It comes after the company appointed a special committee to investigate issues in its financial statements for 2019.
Luckin, which competes with Starbucks, had been one of China's few successful US stock market listings last year.
The Nasdaq-listed company said its investigation had found that fabricated sales from the second quarter of last year to the fourth quarter amounted to about 2.2bn yuan ($310m; £250m). That equates to about 40% of its estimated annual sales."
"On Monday, Goldman Sachs Group Inc. said a group of lenders is putting 76.3 million of Luckin’s American depositary shares up for sale, after an entity controlled by Luckin Chairman Charles Zhengyao Lu defaulted on the terms of a $518 million margin loan. Goldman is acting as a “disposal agent” for the lenders, meaning that it is helping to facilitate the sale in one or more transactions."
So what happens when this happens? Retail investors step in of course ^^
LK is not available on Robintrack anymore, but here are screenshots from a few hours after the gape. Do note that trading got halted 3 days after, so the number of bagholders had time to go much much higher:
static.seekingalpha.com
Biggest grower on robinhood (the stock with the most recent buyers):
static.seekingalpha.com
CCL is carnival, they are second, AAL is american airlines, they are third, DAL is Delat Airlines, F is Ford. Great buys!
Ok I am done, I going to post a new idea where I explain why IQ is eliminatory.
It's not what differentiates 2 successful investors, but it's what differentiates successful and failed.
Those with too low abilities don't even stand a chance.
How stupid does one have to be to scoop up that cheap poop?
I am now searching for investor accounts, and will screenshot some of them for posterity, because everytime they disappear.
They argue and argue and talk and talk and make claims, and then disappear and history forgets.
Today it's like no one was bullish on Enron, no one was euphoric, no one was convinced it would go up, no one ridiculed the bears. LOL!
Here are a few quotes from various investors I am screenshoting:
Press F for the experts in the media:
www.fool.com
Press F for CNBC:
www.cnbc.com
www.msn.com
Here the CNBC article interview of Jim Chanos. It's from the 2 April and he just had closed his short. So 2 days (well 4) before trading got halted.
www.cnbc.com
And this is important to remember. You could end up with a short that you cannot close and have to pay interest forever. With CFDs it maye be different.
Options could expire worthless.
When companies have big reports of fraud, it is typical for trading to be halted. And something that gaps 70% down... Imagine you're up 80-90%, what's the point of holding? Better to close and perhaps re-short or wait for a pullback offered by retail investors.
Just a few more of the finest quotes. My gawd this ponzi has so many bulls! A mix of baggies and other funny stocktwits:
Baggies only:
1 bear had this to say:
$LK when is reverse split?
HAHAHAHAHAHAHA!
There is just so much bagginess. Those social networks are a nest of baggies.
It's like kicking in an ant's nest, hordes are coming out to defend their bag.
2 possibilities when the price moves:
-> Goes up. All the baggies celebrate and say "told you so" as they breakeven or get out with micro wins.
-> Goes down. Never hear from them again.
DAX-30 AnalysisHello again.
This time I wanted to share how I think DAX will evolve.
__________________________________________________________________________________________________________________________
I would appreciate a follow, reputation and a comment on what I can do better. Thank you very much.
- Bertram
FED Providing Volatility | Technicals Still ValidFUNDAMENTALS:
The market's opened up on a rough note Monday morning, but later during the day the Federal Reserve announced another QE program which boosted all the markets upwards in general (including Bitcoin). Later following those news, we saw Dow opening with 300 points below, despite the Fed's stimulus move, which ultimately pushed down Bitcoins price from the 6600 zone. These are the fundamentals that provided volatility to the markets, but our technicals worked out perfectly as well!
TECHNICALS:
After the breakout of the 4H ascending trendline, we were waiting to see it pullback and retest it in order to enter further shorts. This played out perfectly today as we saw the rejection of 6600, which also happened to be exactly on the trendline edge! Currently shorts are active and we want to see Bitcoin break below 5600 to confirm further downside.
Updates will follow!
This is NOT a financial advice, trade at your own risk!
NIFTY 50 should be reversed from 8150-8000 level, Last Hope!When Vix index is above 62 level its difficult to analyse, its purely sentimental. But I feel, we can rely on historical pivot level to asses the support.
we can see Fibonacci retrenchment level of 78.60% at 8000 level, which is 5 years back level, that same level represent historical support.
so, it critical point.
Best way to avoid further mess, SEBI should impose a ban on short selling otherwise it will keep on coming down.
NAS100 shortShort of the NAS100 - risk free, however stop still active on second trade in order to let run.
Once 30 pips close 25%
60 pips close 50%
Lock in and run the trade
Short for todays market - as the levels are respected in the highlighted zone. We have a fresh level below which will need retesting
Once a retest has happened then we will react according to the next zone either long or short..
CADJPYCADJPY short took full effect.
Looking on the weekly time frame - the liquidity spike was the last previous touch of a demand zone.
The Supply on a daily zone had a small order block and the trend is bearish as Yen (safe haven asset) is strong.
Swing trade hit the target and carried on through.
Apple, Warren Buffett, Why Rich People Are Long Term InvestorsShort sellers continue to get rekt by shorting a "Bull Market".
Warren Buffett has shown to us time and time again the only way to be rich and be super wealthy is Long Term Investing.
Short term traders are not in the top list and will never be, because market timing and trying to short a never ending bull market is a pointless things to do.
Eventually market will top and reach the peak of the bubble, the easiest thing to do is to hold cash and put money in something else.
Short selling are only for losers.
ROKU Over Extended/Over Valued Short IdeaROKU has exploded as of late. After reporting very nice earnings numbers the market has pushed this valuation a bit too far too quick. Thinking a pullback here. Will start laying in short on a gap up. I will give my self a couple of points to build a position and will give some more on a wide stop out. While I agree earnings are nice, valuation is the only thing that matters and at the moment its a bit stretched on ROKU.
DPW ShortI share this idea to help educate those trying to learn how to trade stocks. Many will throw tomatoes at me, but hopefully one of you can find this post valuable in your journey. I will keep this relatively brief.
Let's start with the most recent DPW 10-Q found here: www.bamsec.com
First, check the date and shares outstanding, then proceed to the balance sheet. The balance sheet is a snapshot of the companies health. I want you guys to take a look at the current asset section and compare it to the current liabilities section.
The current assets are all items to which the business can turn to cash within a year.
In DPW's case, we are looking at a total of $9.96 million.
If we go down and look at the current liabilities of the business, we see that DPW has accounts payable of $13.5 million. This means that DPW has to somehow figure out how to turn all of its current assets into cash to pay those which it owes money to, or generate enough cash from its business. It is also important to note that DPW only had $876k in cash at this time. This leaves a lot of pressure on the business to perform so it can pay its bills.
If we go to the income statement, we will find that DPW's business is experiencing difficulties in profitability as the business's operating income is -$3.9 million. This leaves management in a difficult situation. They must attempt to raise capital; there are a few ways in which a business can raise cash. Without going into too much detail, you can issue debt or equity. Given the struggle of DPW, debt doesn't seem to be a current option. Thus the company elects to raise capital by selling ownership to investors. When the company does this, they issue new shares; this increases the supply. If you have never taken an economics course when supply increases, demand must also increase in order for the price to stay the same. Considering the desperate need for cash so the business can pay its upcoming bills, the company must try to create demand for shares in order to offset the incoming supply of stock. They seem to be doing this by issuing PRs which you must evaluate for yourself.
Note I only touched briefly on the current liabilities and accounts payable is only 1 line of many. The business has $26 million in current liabilities, which must be addressed. Given the current asset position and the performance of the business, It is important to evaluate the business for yourself and follow the moves the management team makes as your investment depends greatly on their ability to manage the situation successfully. Generally, in cases of this kind, shareholders are sacrificed in order to keep the business alive.
For a bonus check out DPW's additional paid-in capital and accumulated deficit. Perhaps even go back and research the companies past and some of the management team to ensure this is the right investment for you.
DPW ShortI share this idea to help educate those trying to learn how to trade stocks. Many will throw tomatoes at me, but hopefully one of you can find this post valuable in your journey. I will keep this relatively brief.
Let's start with the most recent DPW 10-Q found here: www.bamsec.com
First, check the date and shares outstanding, then proceed to the balance sheet. The balance sheet is a snapshot of the companies health. I want you guys to take a look at the current asset section and compare it to the current liabilities section.
The current assets are all items to which the business can turn to cash within a year.
In DPW's case, we are looking at a total of $9.96 million.
If we go down and look at the current liabilities of the business, we see that DPW has accounts payable of $13.5 million. This means that DPW has to somehow figure out how to turn all of its current assets into cash to pay those which it owes money to, or generate enough cash from its business. It is also important to note that DPW only had $876k in cash at this time. This leaves a lot of pressure on the business to perform so it can pay its bills.
If we go to the income statement, we will find that DPW's business is experiencing difficulties in profitability as the business's operating income is -$3.9 million. This leaves management in a difficult situation. They must attempt to raise capital; there are a few ways in which a business can raise cash. Without going into too much detail, you can issue debt or equity. Given the struggle of DPW, debt doesn't seem to be a current option. Thus the company elects to raise capital by selling ownership to investors. When the company does this, they issue new shares; this increases the supply. If you have never taken an economics course when supply increases, demand must also increase in order for the price to stay the same. Considering the desperate need for cash so the business can pay its upcoming bills, the company must try to create demand for shares in order to offset the incoming supply of stock. They seem to be doing this by issuing PRs which you must evaluate for yourself.
Note I only touched briefly on the current liabilities and accounts payable is only 1 line of many. The business has $26 million in current liabilities, which must be addressed. Given the current asset position and the performance of the business, It is important to evaluate the business for yourself and follow the moves the management team makes as your investment depends greatly on their ability to manage the situation successfully. Generally, in cases of this kind, shareholders are sacrificed in order to keep the business alive.
For a bonus check out DPW's additional paid-in capital and accumulated deficit. Perhaps even go back and research the companies past and some of the management team to ensure this is the right investment for you.
RKDA ShortRKDA has been around since 2002. Market seems to really like this one lately, I don't see much reason. Stock has endless losses and now making deals with former MLB star Shane Victorino to get exposure to hemp. CEO leaving and CFO taking the reigns. Company anticipating $30 million in revenue but there seems to be a good bit of warrants overhead. I think regardless of optimism, company will need to raise capital at some point in the next year. I am skeptical to say the least and short the stock .