Dan Zanger shorting Goldman Sachs in a big way...

This isnt a blown call just yet...the last swing high was at 149.8 and price is making a pivot as we speak at 149.75...

The bear case is strengthened if price does not go above its last swing high...

Quote from stock777:

Remind me to fade Zangers next call big time. His timing is perfect.
More...
 
Shorted at 149.7 when I saw the pivot and have a stop at 149.9.

My trading rules state that I cannot jump into a trade until after 10:30am. I saw the pop this morning and suspected that the stock would not go above its previous swing high. It did, but only by 10 cents. I believe I got a good entry on this one...

Quote from stock777:

Speaking of blowing Jumpshot, do you have a stop loss or are you willing to lose any amount?
More...
 
Quote from Jumpshot:

Shorted at 149.7 when I saw the pivot and have a stop at 149.9.

My trading rules state that I cannot jump into a trade until after 10:30am. I saw the pop this morning and suspected that the stock would not go above its previous swing high. It did, but only by 10 cents. I believe I got a good entry on this one...
More...

nice entry, so far....

surf
 
Thats what Jesse Livermore told me in the book when he was in Florida on vacation and price did not rise above the previous high...he sold it and sold it hard at the market to the horror of the wire operator...his buddy sat there laughing at him all that time. I think it was a railroad or some other popular stock of the time that everyone was seemingly so bullish on...
 
Quote from Jumpshot:

This isnt a blown call just yet...the last swing high was at 149.8 and price is making a pivot as we speak at 149.75...

The bear case is strengthened if price does not go above its last swing high...
More...

looks like the pivot may fail on price... would have been nice if the move had been on lighter volume & the previous swing had been a high volume candle.

spectator here. Glad I closed FAZ on Friday prior to the banks reporting:D
 
Quote from Jumpshot:

Shorted at 149.7 when I saw the pivot and have a stop at 149.9.

My trading rules state that I cannot jump into a trade until after 10:30am. I saw the pop this morning and suspected that the stock would not go above its previous swing high. It did, but only by 10 cents. I believe I got a good entry on this one...
More...

You short 150 dollar stocks with 20 cent stops.

Uh huh.
 
I do it all the time. Technically speaking, that was the most logical pivot point. If it isnt, then I want to be wrong early rather then later. Any small loss taken will be a small punishment for being wrong.

My bet is for a break to the downside. If price gets above my entry, then my bet is blown.

Quote from stock777:

You short 150 dollar stocks with 20 cent stops.

Uh huh.
More...
 
You must log in or register to reply here.
Back
Top