Hi Swan,
the trick is to make such things with a small size because its a hockey stick and it can go higher. It can go to 250 Dollar...
The only thing I know quite sure is that it will be a lot lower in 1 years. I sometimes hold these stocks quite some time.
I think 10 Dollar is a to small size to scale in, maybe something like 25 Doller. But always stay small, you never know.
the trick is to make such things with a small size because its a hockey stick and it can go higher. It can go to 250 Dollar...
The only thing I know quite sure is that it will be a lot lower in 1 years. I sometimes hold these stocks quite some time.
I think 10 Dollar is a to small size to scale in, maybe something like 25 Doller. But always stay small, you never know.
Quote from Swan Noir:
Will you scale in if it goes higher. I agree that the stock is way, way beyond what any reasonable fundemental valuation could be. I no longer trade anything but futures but when I traded equities frequently saw overvalued stocks stay overvalued and even get more overvalued for much longer periods of time than I thought possible.
That said, I think taking a quarter sized short position and scalling in for another quarter every $10 up will prove to be a winning trade.
.