Shorting W... what else should I short?

luckfnlou said:
I started a short on W with options today after closing my DIS short... I'm considering short on PZZA, SQ, ZM and TSLA later this week or early next week. I'm looking for more short candidates.
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Put Live Nation on your short radar. $LYV
Its at $47.

Saudi's soveriegn wealth bought about a half billion $'s of it earlier this month. That jacked it up some.

The latest thing...they are raising cash via a secured debt offering of about 1.2 Billion @6.75% with a 2027 maturity. That closes tomorrow actually in a private placement.

I expect it to do a squeeze before it drops. But I can't see this thing NOT heading for the mid $30's.
I mean even last summer (Q3), in the midst of the economic boom, they didn't beat 2018's revenue and they missed both top and bottom lines. I don't see how they're going to earn any money going forward. I mean who the hell would want to buy stock in this thing. Any PM buying this thing is an idiot. The ONLY upside potential it has is via a short squeeze.

If you can get by the near term bs, squeezes etc, it has $37 in it easy. Wait for $50 to open a position. Go all in if it hits $53.
 
Also... I never have undefined risk shorts on individual stocks as I'm too chickenshit for that. Figured I'd add that in case any new traders are thinking of that. Some traders are good at shorting individual companies but I prefer to limit my risk with options.
 
ironchef said:
I won't short SHOP if I were you.
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Maybe soon? lol

I was looking back at this stupid thread of mine when I thought I'd add some short ideas... it didn't last long. I never went bearish on SHOP but ya never know. Funny how these old threads can remind me how stupid I can be.
 
I don't understand this thread. You started shorting these high flyers just when their charts were soaring higher and higher? In May 2020 ARKK just broke an all time high.

Shorting Wayfair & PZZA when everyone was ordering furniture & Pizza at home? What was the thinking here? I mean by this logic Amazon should have been shorted as well.
 
luckyfnlou said:
Maybe soon? lol

I was looking back at this stupid thread of mine when I thought I'd add some short ideas... it didn't last long. I never went bearish on SHOP but ya never know. Funny how these old threads can remind me how stupid I can be.
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This is called
counter trend trading
kamikazae trading
trading against the flow / grain
trading against the herd

soon you have to top up your trading account.



If you shorted stocks like PTON, DPW,
it is called

- trading with the trend
- trading with the flow / grain
- trading with the herd


Well. Hope you have become wiser.
 
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