Here we go! See you in the AM.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Ha! I just noticed your new avatar.
Good one.
Are they still in Chapter 11?
They'll make it.
What's the reason which makes you believe this?
If I may respond, my reason to think that a buying panic is upon us is because a buying panic is upon us. We are in a stark raving bubble. Like the internet bubble of 20 years ago, it doesn't end until the life is squeezed from the last of the intellectually short [this refers to people who are short "because the market has gone too far too fast" and also to those who are simply short of the requisite intellect to perceive a buying panic in the middle of a buying panic]. We are close to that point. The techs were being compared to 1999-2000 and the FAANG stocks said "You think that was parabolic? Hold my beer." Commercials are at the smallest net short since the Covid-19 crisis began, but still plenty short to fuel even more bubbalicious fun.
If the jobs number today is perceived by the market as "good," then TSLA to
Note: As I finish typing this TSLA speeds across $1200. TSLA quite possibly to $1400, $1700?
If you hear anyone telling you any market or security is "too high" shut that person out of your universe. Those type of prognosticators are intellectually short and have been wrong for three months and are just waiting for that one moment where they can say "I told you so."
Fully agree with you rational.If I may respond, my reason to think that a buying panic is upon us is because a buying panic is upon us. We are in a stark raving bubble. Like the internet bubble of 20 years ago, it doesn't end until the life is squeezed from the last of the intellectually short [this refers to people who are short "because the market has gone too far too fast" and also to those who are simply short of the requisite intellect to perceive a buying panic in the middle of a buying panic]. We are close to that point. The techs were being compared to 1999-2000 and the FAANG stocks said "You think that was parabolic? Hold my beer." Commercials are at the smallest net short since the Covid-19 crisis began, but still plenty short to fuel even more bubbalicious fun.
If the jobs number today is perceived by the market as "good," then TSLA to$1200$1400, AMZN to $3000, GOOGL to $1500+, and the S&P 500 Index fills the gap back to the February 21st low. If the jobs number is perceived by the market as bad, then the scenario may change. I say "may" change because inertia is to the plus side right now, and no one is more inspired to buy hand over fist than short sellers watching a negative equity melt up.
Note: As I finish typing this TSLA speeds across $1200. TSLA quite possibly to $1400, $1700?
If you hear anyone telling you any market or security is "too high" shut that person out of your universe. Those type of prognosticators are intellectually short and have been wrong for three months and are just waiting for that one moment where they can say "I told you so."
To add: when a stocks is at ATM, and we have many of those at the moment, there's nobody "trapped" in that stock (other than the short sellers), but longs have no reason to sell other than to take occasional profit. They're all waiting until it pops and then the exit is too small. But god knows when that will be.
I was mainly wondering why B1S2 thought it would happen this night and not say somewhere next week.
- Status