Tesla & Enron striking similarities
Updated
I do not have an Enron chart to show here... The 2 examples I can think of (they did not go to zero) that provided a great short entry:
I am not sure... Need to study multiple charts...
But I think in this case the right entry should be:
How are baggies going to react? Follow Robintrack to know.
And Twitter and CNBC. FOMO FOMO FOMO? Then short higher.
Take profit/break even early? Then short before 250.
You could also have a wider stop, and also aim for zero.
How long to go to zero? 6 months? 1 year? 2 years?
Took Enron 1 year "only". So expect this to take a while.
Sears
MoviePass
Mednax "the bull market is back 40$ was the bottom" extended to 5 and retraced a little more than 0.55.
Actually similar to what Bitcoin did many times and what might be happening now.
Must be something with frauds.
Enron did not retrace that much and did not push far into support...
If we look at a regular company...
It is going to be a while... Might be another 6 months before we get to fire the shot.
But whatever happens the entry should be somewhere around 250.
If there is no opportunity to short this fraud then too bad, there are other opportunities.
But I have good hopes that fools will joyfully buy and provide a good entry, as they always do.
Thanks dummies.
I am not sure... Need to study multiple charts...
But I think in this case the right entry should be:
How are baggies going to react? Follow Robintrack to know.
And Twitter and CNBC. FOMO FOMO FOMO? Then short higher.
Take profit/break even early? Then short before 250.
You could also have a wider stop, and also aim for zero.
How long to go to zero? 6 months? 1 year? 2 years?
Took Enron 1 year "only". So expect this to take a while.
Sears
MoviePass
Mednax "the bull market is back 40$ was the bottom" extended to 5 and retraced a little more than 0.55.
Actually similar to what Bitcoin did many times and what might be happening now.
Must be something with frauds.
Enron did not retrace that much and did not push far into support...
If we look at a regular company...
It is going to be a while... Might be another 6 months before we get to fire the shot.
But whatever happens the entry should be somewhere around 250.
If there is no opportunity to short this fraud then too bad, there are other opportunities.
But I have good hopes that fools will joyfully buy and provide a good entry, as they always do.
Thanks dummies.
Note
Waiting for 270 to short. With 300~ as SL.Interest on CFDs for being long is 10 times as high as the interest for being short which is interesting.
Normally I only have 1 strat for stocks it is buying pullbacks (and also I could be interested in buying stocks that are trending past ath), but here I will make an exception and just go for it. If I do not see some really great opportunities until then (I probably won't if Tesla gets in that area in July or early august).
Note
Getting dumped...I don't care, I think I stick to focussing on currencies commodities only.
For now...
Can drop then go back up.
I think 275$ would be a nice entry to short.
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