Hedge Funds Are Puking Longs To Cover Short-Squeeze Losses
- Thread starter Daal
- Start date
This is a major pullback and nothing else. Stockcharts shows the uptrend intact. Relax, take a deep breath and ignore the chicken littles. You will be glad that you ignored the naysayers. ET trolls have been predicting a huge correction and downtrend for how long now? Do you really want to rely on those fools for investing, let alone trading advice? And how is this genius supposed to know what the hedge funds are doing? Did they call him on his red phone like Batman? Look at the stockcharts of the major indexes not counting individual stocks. You can clearly see the deep pullback but, the major uptrend is still intact until, the opposite is proven. And since, the major indexes are still trending upwards, I have to assume the big boys (hedge funds, mutual funds, banks and brokers) are still long. They will take this huge pullback to buy more shares at cheap prices. Looking to buy stocks in the coming days that have dropped huge on this pullback.
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Boeing's is on a downtrend just by looking at the stockchart. So, look to short. Major indexes are up and individual stocks trend on their own merits. Other indiviual stocks are on a pullback and will bounce back up in the coming days.
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GOOD!
Exactly. You add to your positions and not sell every time there is a huge pullback. Hedge funds do not buy at the top but, when the share prices are cheap. They are not dumb like the legions of fools who think they know more than the stockmarket? If anything, hedge fund managers are probably, laughing their heads off.
Boeing released earnings this morning, which is a binary event unrelated to stock charts. Supposedly the market was tanking partially due to poor outlook on travel, airlines and airplane producers.
This is like a mini version of 2007 when the banks had CDOs on their books. The CDOs are high short interest stocks and the banks are the hedge funds. The fact that everyone knows what the high short interest stocks are makes the strategy of shorting in size so dumb, but these genius managers are only finding out now