Search results

Well, why Olympics rather than World Cup for a catalyst ? My opinion : IBOV (and Petrobras) are dependent on commodities. So if WTI go above USD50 then 55, you got a strong buy. Don't wait for 2016. Chris Mac

Seriously, who cares about a week? I presume you want to short stocks for at least one week? On a long-term basis, shorting after a 60%+ decline and a 4 years-bear market could be considered as brave or suicidal. But anyway, why not ! As you said, both your opinion and mine don't matter. If you...

No interest to short if EURUSD stays above 1.09. And better get out if EURUSD go above this morning's high @1.1055. Chris Mac

m22au, I don't get it. Obviously Brazil is going higher and higher since the start of your post. Why trying to short now when it could be time to buy? Sure it was a good opportunity to short 1 year ago. Perhaps it could be again a good opportunity to short in 3 or 6 months. But right now? NO...

$18 Trillion is both a weakness and a strength. Where could Chinese people invest in bonds if not US? No bond market is enough big. As strange as it appears, the more USA are deeply indebted, the more they are attractive for creditors! The game is ripped. No hard landing in China = USA could...

Ahah who would pay for an Apple Gold watch with quartz movement when you could get a luxury swiss watch (Jaeger Lecoultre for example...) for the same price ? Chris Mac

Ready to collapse !!!!!! Chris Mac

Yes. Good traders don't play with illiquid assets. Because it is more important to get out when you are wrong than making money. Everyone can make money in a bull market. Even Jerome Kerviel was up 1 Billion before losing all. Chris Mac

He already knows. Did he ever talk about him, his intelligence, his fantastic models? Nope. He didn't look for glory and nice prizes. He made money. In trading, you don't need to have a High IQ to make money. Actually it is even better to act with no brain but with skills. Like a good soldier...

And that is why he failed because he was too confident with his brain. Trading is about skills and mental, not IQ level. LTCM guys, Jesse Livermore... All geniuses but they lost fortunes...

When we are in a bull market, I read Barron's. I look at the half-full glass. When we are in a bear market, I read Zerohedge. I look at the half-empty glass. Doing the opposite is dangerous because you need to be as naive and dumb as possible in a bull market and as critic and pessimistic as...

Yeah, he made similar thing with Google's IPO, bragging Google was way too expensive. This guy is a genius : do exactly opposite and you are rich. Conclusion : you can short Tesla @USD200 and buy back @30 ! Chris Mac

Miguel, giving "financial advice" like this is criminal. You are talking about a 59MUSD stock ?! More scandalous : only 10 MUSD floating stock ?! Are you SERIOUS?! It means that if some guys follow you in your "bad trip", stock will automatically rise at least 5 cents ?! Even if stock rises to...

Miguel, Monday I was cautious... for good reasons! I didn't know the fundamentals, but tape tells the tale ! Always! What to do now ? It gapped down from 2.6 to 2.3. Maybe support @2.20 will hold. In this case, if you are still invested, you can exit @2.5/2.6 if gap is filled. But if Zynga go...

I think trade is still attractive at these prices. You just need to higher your stop loss in order to keep a nice 5 to 1 ratio.

Well, I prepared my answer yesterday and didn't know Tesla would gap down. Price fluctuated from 8.4 to 10 at that time ! It would be interesting to see if target would be reach @25 Anyway, there will be other opportunities... That s the game Cheers Chris Mac

Let me be clear, I live in Europe and I can't short US stocks. So I will not short Tesla. But I follow Tesla, as other Nasdaq names, because I need a bottom-up view to combine with my top-down approach in order to do properly my job. What would I do if I had the opportunity to make it? Well I...

When I read your post, I got the feeling to reread again "One up on wall street" : Peter Lynch explained how he found some of his best investment ideas visiting stores and malls. Nice book, and well that was true in 80's, maybe 90's. Welcome to the XXIst century ! I don't need to drive a...

Lol this is not a question of luck. This is a question of work, skills and in this case superior intelligence. If you think financial markets are a question of luck and gambling, you better leave right now because you'll lose all. Chris Mac

SURE i'll stay on the BEAR side ! Best timing to short again Tesla ! See graph below! Second time in a row TESLA get crushed by Moving Average 200 days (YELLOW LINE) RSI : ridiculous, 55, ready to go below 50. To resume, one direction : SOUTH ! BEARS are BACK !