You know the answer.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Spy... yeah I think its going up for sure. ($TDOC) I won't piss in the wind. Its playing out like they do. Right now shorts are jumping in and its going to go higher. Any short position north of $146 should be fine if one can wait a few trading days. You just gotta keep it small, because when they act like this, you'll see em spike up ridiculous amounts when the dom on the sell side is light.
This thing's a goldmine.... but its dangerous too. Huge short trap. Gotta play it smart and let it come to you via a crazy spike.
It has pretty good volume...I'd be nervous shorting even though it's acting exhausted
I just bumped that order ... its only 100 shares now at $152.50.
That volume is the momo algy's. That's not investors.
What do you need to see to get interested in long side Vanze ?
Just being intimately familiar with the stock. From homework. Based on fundys, and then using the T/A on the downside to figure where its so damn cheap ya gotta buy it. ISRG is a good one.
But... that is often difficult to do with high flying software/tech type stocks because tried and true fundamental metrics go out the window. People buy them for future earnings.
I love $WORK, but on a fundy basis, its still expensive, its cases like this when you just gotta roll the bones and hope. This is for the long term account mind you, not the daytrading.
The daytrading, you just gotta pick a stock and recognize the patterns being played out by the momentum guys. Tbh, I should have taken a $100 profit and flip-flopped on TDOC at $139 and went in with 200 shares. I'd be up $1400. It was an easy play actually.
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