Be on Guard to short HD
- Thread starter hajimow
- Start date
Not true. hajimow posted some very good posts. Just that sometimes his actions were inconsistent with what he told us we should do.
Besides, I enjoyed reading them.
Good points. Thank you for pointing that out.
Lol, Madoff told the same story to explain when he was wrong : "I am hedged with options and futures".
HajiMadow always try to short stocks that go upper and upper (MCD, CAT, HD, etc) and tells us he wins money. BS BS BS.
By the way, reading his BS is interesting :
When he is long (stocks beginning to enter in a bear market aka Apple one week ago), go short and when he is short (good stocks in an uptrend), go long.
Simple way to win money with a perpetual loser / pseudo contrarian.
Tx HajiMadow!
CM
New all-time high today Haj.
$162.36
Ya know I pull for ya bro, but you gotta be careful shorting these stalwarts in a bull market man.
3M, CAT, HD, BA.... don't f with these things when the DOW is making record highs daily. There's an old saying... "don't fight the tape".
I can appreciate your bearishness, but these are not the stocks to short right now.
I shorted call 160 and got $1.7 and also shorted PUT 157.5 and got 6 cents the same day that I posted that. Now I am losing but not much. All my trades are like this. I ask myself this question: Will HD ever hit 160 again? Everything is possible but you should be stupid to say no it will never hit 160 again. I will also sell 160 put for next week to get more money. Eventually HD will give up. I am patient. 99 percent of trades have no stop loss. I turn losses into profit.
Let me give you another example so you know how I trade. Last week I sold naked Call 255 on BA for $1.75 and then it went against me and then I also sold naked PUT for 0.55 and eventually PUT expired and I got short BA at 255. I could go ahead and cover the short with just a little profit but what I did was I shorted 257.5 PUT for this week for $2.55 and most probably tomorrow BA will close below 257.5 and I will get covered and I will make more than $3 per share in less than 2 weeks. When you talk about my positions, you have to look at the big picture. That is why I do not ask people to follow me because most of the trades cannot.
Let me give you another example so you know how I trade. Last week I sold naked Call 255 on BA for $1.75 and then it went against me and then I also sold naked PUT for 0.55 and eventually PUT expired and I got short BA at 255. I could go ahead and cover the short with just a little profit but what I did was I shorted 257.5 PUT for this week for $2.55 and most probably tomorrow BA will close below 257.5 and I will get covered and I will make more than $3 per share in less than 2 weeks. When you talk about my positions, you have to look at the big picture. That is why I do not ask people to follow me because most of the trades cannot.
What I am seeing now are huge insider selling on HD. Also on KMX. Those will not affect the price but it shows insiders are happy and are unloading the shares to mutual funds or retail investors. This is just today on Carmax. Any executive not selling? I have the same data for HD.
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Granted, Carmax is not in the same category as BA, CAT, HD, 3M.... that being said... I have played this stock off and on many times over the last 15 years.... I have several posts on ET from way back when. This is stock is very tricky Haj. When everything screams it should go down, it goes up. I used to joke it was a money laundering operation. I agree with everything you say... but its gonna go up before it goes down near term assuming the VIX stays below 12. You can bank on it. $76 as I type.