Is that guy the younger you?
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MCD is in trouble !
- Thread starter hajimow
- Start date
Is that guy the younger you?
Quote from tradingjournals:
Models showed me a short side signal at around 20.80. Is the high of few days ago good enough? Where do you think it would go to if it goes down?
I expect to cover at 19.90ish {not that I don't believe it won't go lower. Actually I see JCP around 15 in less than a couple of months}. Then do it again. Even if I cover at 20.20 and then short at 20.40 again, it would be better than doing nothing and just wait.
I noticed that at end of day IWM behaved differently compared to earlier in the session and to recent days: IWM lost more than QQQ, which lost more than SPY.
Quote from hajimow:
MCD has been the DOW's dog this year. Its performance has lagged the market. MCD warned about the sales and the stock dropped. Last month sales was a little bit up relative to analysts estimates and the stock rallied from 86.5 to 90 but we see more sign of weakness in the stock. The fact that the company asked the brances to be open on Christmas day is also another warning sign that they have not made their sales and they are lagging. I recommend shorting MCD at this level. Cover price would be 86.5.
Which option series has the best volume and bid/ask spreads?
Quote from tradingjournals:
I noticed that at end of day IWM behaved differently compared to earlier in the session and to recent days: IWM lost more than QQQ, which lost more than SPY.
That is exactly what I predicted a week ago. IWM will go down 5% easily. I am long 28000 shares of TZA and have sold out of the money weekly covered call on them.
http://www.elitetrader.com/vb/showthread.php?threadid=255713