Translation: I am long now. Don't short it. Let it hit $100 which is my target and after I sell my shares at $100, you can do whatever you want to do.
Marketsurfer says short shake shack
- Thread starter marketsurfer
- Start date
Oh, bs, "Price Drivers" has nothing to do with this. I didn't need price drivers to see the P/E or understand that the lock down date was the most important fundamental aspect of the trade. In fact, what your home cooked "Price Drivers" are doing is distracting you from important aspects of the trade, making your timing and execution bad.
It is very obvious that speculators could take this in any direction hard before the lock down date, and that anyone shorting it ( like yourself ) better have the margin and willingness to hold it past that date. Was shorting SHAK a decent trade ? Probably, and there are plenty of people in on that trade before you even took it. But you seem to be unaware of the bigger picture here. You cannot cover a short at this point at a loss; if you must then you took on far too volatile a situation to be a good trade for yourself.
A poster called Nitro suggested one of the worst running trades ever posted on this site concerning shorting the S&P according to his models. He lost a lot of money ( theoretically ) following his "models". Like his "models", all that "price drivers" are is an embodiment of your take on fundamentals. When you overstate what the "price drivers" really are, making them sound like some magic elixer to trading profits, that's why you come off as a snake oil salesman on here. Tone it down and maybe you just become another avid trader with some ideas.
ps I have no idea how hard SHAK will drop or rise until July 25, the real trade is a more long term fundamental play where it will go AFTER July 25 in my opinion.
How would that differ from the surprise you got on your initial shorts ? It's a speculative play in either direction.
Pah. A surprise after you shorted a raging bull tripled down and puked the high (where I shorted). A ton of retail shorted with tight stops, easy money for the people who control price. Just make sure you trim now to recover some of your loss as people puke this into $100.
GL
Thanks! We will see what happens
Romik
Even if it is fictional your SL is too far away !
24.3 reward for 15.7 risk? Risk is too high. Reward risk ratio should be above 3.
For a swing position you could place a first Buy @74 SL 68.9 and pyramidize @81 and 86. Target maybe 110 dollars even more if we make new highs.
If stopped @68.9? Wait for a short term support @65? 60? And again place a close SL.
if stopped again ? Trade is dead. Search for new ideas.
CM
The Price Drivers were designed to trade the indexes, not individual stocks. We are experimenting with them on individual stocks. The first public foray was not succesful in the time frame alloted. However, it may prove correct with this entry. We will see. Sub $25
i laughed at the other possible slip of "w*ckoff." thanks for the clarification.