With all due respect. I think that's ignoring the fundamentals romik
MCD is in big trouble. May not exist in 5 years
- Thread starter hajimow
- Start date
Absolutely, as I don't look at them. But at the same time, if one was to start building a short position into a rising trend with no historical ATH where the price may be going I would advise against. If a company is going down the pan obviously its expectation would show in fundamentals initially, but as you know can take sometimes years to show up in a chart.
http://www.economist.com/node/16380043
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If trading were as easy as looking at the charts
I am short and since then MCD has been up 10% and I am up 25%. Go figure out how I am doing it. If MCD was down 10%, probably I would have made 40%. So no loss in my case. I will only lose if AAPL has a hostile take over of MCD for $150 per share and wants to implement fries in his Iphones !!
In short, I know exactly what I am doing.
Also thanks for your feedback. I really appreciate any feedback and comments
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If trading were as easy as looking at the charts
I am short and since then MCD has been up 10% and I am up 25%. Go figure out how I am doing it. If MCD was down 10%, probably I would have made 40%. So no loss in my case. I will only lose if AAPL has a hostile take over of MCD for $150 per share and wants to implement fries in his Iphones !!
In short, I know exactly what I am doing.
Also thanks for your feedback. I really appreciate any feedback and comments
Well, imagine all the money you could make with a stock that would go down rather than up!
Today, MCD at the opening : 109 dollars expected, new new historical highs.
CM
New all time highs for MCD today.
ET is a gold mine.
ET is a gold mine.
With those "returns" you are claiming, it sounds like you are not short MCD, but actually long. You're selling puts, 15 contracts at a time, at a price higher than when this thread started. Plus, even if you are short MCD, I doubt you are short anywhere near $150K anyways. If the stock opens down $20 tomorrow morning, without altering your positions, would you be in the red or green?
If trading were as easy as looking at the charts
I am short and since then MCD has been up 10% and I am up 25%. Go figure out how I am doing it. If MCD was down 10%, probably I would have made 40%. So no loss in my case. I will only lose if AAPL has a hostile take over of MCD for $150 per share and wants to implement fries in his Iphones !!
In short, I know exactly what I am doing.
Also thanks for your feedback. I really appreciate any feedback and comments
Wrong.
You made money taking aggressive option trades that would have given you a monster loss if MCD moved large against you within a week. In fact, you did narrowly avoid a huge loss one week that would have easily wiped out every cent you claim to have made plus much, much more. And no real analysis resulted, you just pretended you didn't dodge anything.
Cut the crap, you made a terrible call on MCD.