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I shorted MRK by selling weekly Call 61 and 61.5. I rarely directly short the stock. But MRK going up 5% just by an approval of an application for a drug was a call for shorting.

I understand. We are talking and discussing the ideas in Elitetrader. I do not think even 100 shares were shorted because of my post. Also when I trade, I make sure that I squeeze every profit. When I shorted, I also sold 59.5 PUT at 9 cents which I covered today at 1 cent.

Just to warn you that Tuesday AH we had this news that caused the stock to jump 2% but it means nothing to me and does not change my opinion on shorting the stock. Everyone has a drug to cure cancer and none works :(. Basically it is acceptance of an application. Nothing else. It is a drug that...

Check out its P/E and most importantly check out the charts. For DOW stocks you should be happy with $1 to $2 profit and act the day the I post. I do not expect MRK to drop below 59.5 by this Friday. My short list are MRK, HD, CAT, ADI Neutral: SBUX, AMZN Long : GLD, WMT

I have been successfully trading CAT recently. It has a nice pattern. Now it is trading around $94.25. Perfect spot for shorting. Can be covered below $92.5. Do your own research before trading.

HD is back again in the short range. It is above $135 now. You can short it and cover it at $133 to $133.5 range.

I don't know what will happen to gold tomorrow and I do not know what will happen to it one year from now either. But I can have a better feeling where it should go in the next 2 weeks to 2 months. On either side of this time frame, my guess, gut feeling, prediction, estimation or whatever I...

Now it is 61.17 and is up 0.9. This is a very overvalued stock and should drop below $60 soon. Good time to short.

It is 2 weeks that GLD is slowly creeping up and that is a fact. Here are more facts: 1- If you buy GLD now, you are not buying it at high.You are buying it at almost very low which is a good thing. 2- GLD is oversold Based on my experience, after going up for a couple of weeks like this, GLD...

GLD will hit 122.5 by the end of Jan.

AMZN 780 weekly call was trading at 0.15 on Wednesday (2 days ago). today after 2 days it was traded $20. So if you invested $1500 on it 2 days ago, today you had $200,000.

Sold my position on AMZN with a nice profit on 1/6/17. Still bullish on AMZN but will look for a $10-$15 pullback.

Check out the hourly chart. ADI will go much lower. At least to $65. Semi stocks are overvalued and ADI is overvalued more.

Mutual funds companies are buying gold mining stocks which were under performer last year. The purchase rate in last week has been highest in the last year. Up 877% !!.

You can also short HD stock and hedge it with going long on WMT. WMT will outperform HD in short term.

Gold future is up 1% as of now (12:30 AM ET 1/5/2017). Should go much higher tomorrow. Germany and China are heavily buying Gold now. GS is also an active buyer in US these days. Covering or buying? I do not know.

Step by step on how to short HD and take profit in just 2 days till Jan 6th. 1- On Jan 5th , short Call 135 expiring Jan 6th above $1. Let's say 10 contracts 2- If the stock goes up to $135.95 buy 500 shares. and if the stock goes to $136.71 buy another 500 share so your 10 naked calls will be...

Expect a 2% pop tomorrow as this slow up trend is getting to the nerves of those who shorted gold in the hope of it would drop below 1000 soon (short squeeze). Even if their loss is not big, their money is stuck in this wrong bet.

Friday target is 112.5 GLD Hourly chart

HD is in the short territory again. It will go below 134 again. Best idea is to sell naked 135 weekly call