sell off ? which sell off? Yesterday DOW was up over 200 points. Today it is up over 100 points. Buyers will be scared with a pinch of sell off. Look at what happened to AMZN today. I am still committed short on COST.
TGT dropped 9% today after earning. COST has been following WMT in price direction. WMT is overvalued now but at least there is a reason for that. WMT is doing amazing job in online sales. It is really competing with AMZN and because of that AMZN will go much lower. Basically they are killing...
Oh I realized I did not answer your question. The answer is for no reason. Now I am not concentrating on MCD. There are tons of stocks good to short. Here are my positions:
Short: CAT, COST, ADI, AMZN, AAPL, HD
Long : SBUX, GLD, VZ
Let's say I wanted to short MCD, I would sell MCD 170 Call to collect premium and have enough buffer. I do not short the stock outright. I start with option trade. I do not buy any option. I just sell.
Did they have all day breakfast when I initially posted this? That year MCD was DOW's dog. Check out the title of my post. It says MCD is in trouble and "MAY NOT" exist in 5 years. I did not say "WILL NOT" exist. Yes I carefully crafted my post. :)
Since then, MCD renovated itself. branches are...
COST was so miserable after quarterly report (just 6 weeks ago). It went below 156. Are you saying COST will never hit $156? Well, I am patient. While I am waiting, I sell PUTs. I don't expect when I sell something it goes to zero right away.
You are right.I shorted MCD starting 95 and got out at $120 even (no loss). That is the art. Stock goes up $25 and I get out with no loss !!. Passed $120, I do not care. Successful traders are wrong 80% of the time but in that 20%, they make enough money to cover losses. I have posted my last 7...
I am happy that my non-sense calls has made you rich.
How are you doing today? DOW only 0.6% down and everyone is quiet. wait for a 3% down and I want to see who is buying if any money left in your account or if you really trading.
Are you making money on my KMX short call? How is your long CAT...
Starbucks?Which location? In my location (California) I always need to wait to get my coffee and they are very busy. YOY business in USA was up 2%. When I used to talk about SBUX business, I was asked to look at the chart and now that I prove that something is brewing in chart, you are asking...
Here is the way I look at the chart. You see that each time the low was higher than the previous low. B is higher than A. C is higher than B and ..... E is higher than D.
The first target is 1 which is about $58.7. The second target is about $59.5 and the third is $60.7.