Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
shorting a company that buys the cheapest toxic flooring they can find and then passing it on to the US consumer...now thats a trade I can LOVE
I hear ya...that dog sh*t can run hard from its bottom and make some good money...much easier being long
LOL, yeah believe it or not i shorted it the day that after the 60 minutes piece broke and i almost top ticked my stopout to within 50 cents of the pull back from the gap down.
SPX topped at 2020.07 today, compared to the intraday peak of 2020.86 on FOMC day.
I'm astonished at how technical this market is sometimes, that is when TA actually works.
Support/Resistance is the only T/A I use, and while its not a 100% science, it always atleast puts you in positions where yyour risk is going to be less than your reward, (as long as you honor your stops) so even if you only bat 50/50, you should make money as long as you only buy/sell support/resistance.
its not just LL...I watch daily opport for shorting the range of dog sh*t wall street has given us shak, etsy, angi, soul cycle if it comes, S, soda stream, magicjack..list is too long to spell out...
but most go down quick and become better long opport from the bottom..once they pop they are quick shorts though
LL was a doosy though...120 to 10
We are just playing with nickles and dimes here..the real money would be putting some lame gimmick together and get a group of diehards to subscribe and wear the t-shirts around in both NY and LA, then get some media coverage...take it on a dog and pony show, get Goldman to front-run it print out enough toilet paper to make the float small and give enough shares to the right people...take it IPO with small float...shake shak was near perfect but soul cycle took much less time, upfront capital and labor..both made their founders enormously rich and both signal a top in equity distribution to the bagholders.
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LOL, yeah SHAK was just crazy, thankfully i kept my hands off of it, (wanted to short it at 75 on the way up) but like at one time they were valued at something like 30 million per restaraunt and mcdonalds is only 2, gee which side of that pair do i not want to be on...... lol. It was unfortunate cause it never setup for me as a short, so i missed it, but i also managed to dodge a couple setups where it would have killed me.