I think this is a short, agree/disagree?
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ACAT gone parabolic
- Thread starter EliteTraderNYC
- Start date
Quote from EliteTraderNYC:
I think this is a short, agree/disagree?
Disagree, for the following reasons:
1. Technical: It's uptrending in an uptrending sector/group in an uptrending market
2. Fundamentals: No Debt, latest EPS & Sales were great, has a popular new product (Wild Cat 1000i H.O.)
I know it looks like "gravity" should pull those Candles back down, but...
Don't Short Uptrends! You'll lose money!
(I speak from lots of painful experience, believe me....)
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Quote from cactiman:
Don't Short Uptrends! You'll lose money!
(I speak from lots of painful experience, believe me....)
I agree with this, and disagree with the short idea. If you time it perfectly, you may grab a small gain on a pullback, and look like a hero, but good luck with that.
This winter was extremely warm, and absolutely sucked up here in Cheeseland for snowmobile sales. But Arctic Cat and Polaris are selling ATV's like crazy, especially to farmers who have taken advantage of the high commodity prices.
Just look at all of those green numbers...
http://finviz.com/quote.ashx?t=acat&ty=c&ta=1&p=d
Quote from jnbadger:
I agree with this, and disagree with the short idea. If you time it perfectly, you may grab a small gain on a pullback, and look like a hero, but good luck with that.
This winter was extremely warm, and absolutely sucked up here in Cheeseland for snowmobile sales. But Arctic Cat and Polaris are selling ATV's like crazy, especially to farmers who have taken advantage of the high commodity prices.
Just look at all of those green numbers...
http://finviz.com/quote.ashx?t=acat&ty=c&ta=1&p=d
jnbadger,
Thanks for the link to FINVIZ.com - didn't know about them. Like the way it's set up.
cactiman