Fundamental reasons:
No growth in Europe and US.
High P/E relative to growth.
Very bad management.
Lots of competition.
Low margins.
No vision.
And most important:
Analyst are bullish again and telling people to buy, or better strong buy MCD.
Do you guys see the gap between $19 and $20?
Guess what?
I mean MCD is no highflyer, at least not anymore, maybe it was hot 20 years ago. Now it's an old dog, which had a really good upside move in the last 6 months.
What I wanna say: What goes up, eventually comes...
Yes , moderate compared to average P/E of NQ. No, Adbe never had triple digit PE, but take a look at EBAY, Yhoo, EXPE, USAI....even now.
Anyway good luck. It doesn't matter if you are long or short, it does matter that you make money.
Gap @ 28 possible, yes.
Major downtrend in adbe, possible, but Adbe is not a favorite for me on the short side.
They have a very conservative management, moderate P/E and lots of cash.
Trading Adbe in and out since 5 years and made a lot with this stock.
There is a nice gap down in adbe due to analyst downgrade action.
Rules in strong markets:
- buy downgrades, if company is overall Ok
- buy gaps down
- sit and wait
- sell if gap closed.
Have been long ADRX lately, made some money. Think the BIOs are worth daytrading long/short again. Some Years ago I was playing with MLNM, HGSI, Medi, AMGN, AFFX or ADRX.
As I didn't trade in that area for some time, I'm not familiar with the hottest plays at the moment. Could anyone give me...
Almost a 2-bagger, so it is time to take my profits in SUNW.
Things are getting very hot on the long side, also have almost a 3-bagger in ADRX, which I will also sell today.
My thinking: Don't believe the hype on the long side. This is not a bull market yet.
Does anyone know what Ulf Jensen is doing at the moment? He was a former winner of the Robbinson Trading Championship and wrote a book, but never heard of him again.
This is my new way for trading. I make a trade and place a stop then I go away playing basketball. While playing I think about if the trade was according to my rules. After some time I come back to see what happened. This way I'm more relaxed even on loosing days. :p
Couldn't agree more regarding Yhoo. Also shorted Yhoo @30.06 right now. I use it for some kind of hedge for other long positions.
On the long side I'm in good old "Volkswagen", lets see if 30 Euros gives some kind of support. :p
Don't laugh but I trade NQ with NDX real time data, which is for free. Do this for several years now, and absolutely don't need anything else, except my direct access trading platform.
Also tried expensive real time data with all kinds of technical indicators, but all this gives me no more...