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FASL34 trade ideas

VWAP Order Types: How Small Funds Use them.VWAP orders are used by Independent Small Funds Managers. IF a Small Fund or Small Asset company has 3 billion or less assets under management, the SEC classifies them as NOT a professional side entity. This is because most independent Small Funds Managers have no Financial Degree, no professional certification aka CMT, CFA etc. These managers often know less about the inner workings of the stock market than the average retail trader. It is wise to check to see the dollar value of a small fund and make sure it has more than 3 billion in assets as these managers have minimal experience, education, and usually no certification. The small funds managers became enamored with the VWAP order as an order that could be placed several days to weeks ahead and then trigger when volume surges. Unfortunately, that can often cause major sudden whipsaw action. especially intraday and pose much higher risk of sudden huge run downs when buyers evaporate. The 2010 FLASH CRASH that stunned the financial world was an error on the part of a Fundamental trader who accidentally hit the VWAP order type rather than the TWAP order type for selling futures he had decided to sell. The VWAP order quickly caused a major stock futures sell off especially for the SP500 futures. Then the VWAP caused a systemic spreading of selling into the stock market and options market. During highly stressed market conditions VWAPs triggering can drive prices down as panic among the less informed retail groups spreads rapidly. The goal is to enter a sell short with pro traders, rather than chasing a VWAP order that is spiraling out of control. When the VWAPs cease, then the market whipsaws or rebounds suddenly upward again. This is just a snippet of what you need to learn about VWAPS but it is a good start for all of you. Trade Wisely
NASDAQ:FAST
by MarthaStokesCMT-TechniTrader
4
Long FAST @ 80.32 - because the odds are in my favorI don't care what your trading strategy is. In the end, if you're going to be successful at trading, it's about putting the odds in your favor. In my case, I like to put the odds WAYYYYYY in my favor. NASDAQ:FAST is one of my top stocks. Out of over 1,000 trades going back to the month before Black Monday in 1987, it has only produced 3 "losing" trades, and they'd all have been opened in the last 7 days. That's well above a 99% win rate. The AVERAGE gain on those trades has been 2.21% (excluding the near zero impact of the 3 current losers) and each took on average, just over 2 weeks to complete. On a per day held basis, that's about 4.5x the average daily return of the S&P 500 and includes periods of trading covering Black Monday, the dot.com crash, the Asian currency crisis, the Financial Crisis/Great Recession of 2007-09, and various other extreme market drawdowns. You can see that during the most recent 3 month drawdown in the stock, I'd have come out ahead, so I'm not particularly concerned that the last couple of weeks have been rough ones for $FAST. I would consider the potential closing of the "gap" from a few weeks ago as normal and healthy from a technical perspective and offering price support at the level prior to that gap, as well as from the blue uptrend line. I never have an absolute guarantee that a trade will make money for me, but this stock is about as close as it gets to that. In fact, it was all I could do not to buy a 4x sized lot to cover the 3 trades I could have made that I didn't because I was maxed out on the number of positions in my portfolio or chose stocks with even better risk/return statistics than this one. If it goes down another day, I may just do that. I'll obviously note it here if I do. Per my usual strategy, I'll add at the close on any day it is still a "buy" and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:FASTLong
by redwingcoach
16
Future possible downturn!Hi Everyone, I thought I would put this out there to see what people think. Charting the entire history of Fastenal Company (FAST) shows that the market and this company is not only at an all time high but to continue on the same path would mean going straight up! This cannot continue for long before there is a major movement down. If we mirror the past but as a downturn I see a "Head and Shoulders" pattern showing up in future charts (as drawn on the chart). I saw this showing up on a lot of charts of different companies. However, I was not sure how this downturn would happen. Now that the election is over, I can see how this downturn would show its self in the economic plans of the newly elected president. If he is able to carryout his economic agenda of tariffs and mass deportation it will be the catalyst for this historic event. People are going to think that the economy is being destroyed. Look for this event to materialize more and more as the president's economic plan is implemented and shows up in the charts!
NASDAQ:FASTShort
by Prosperitus
Fastenal ($FAST) Powers Ahead: A Dive into Q4 2023 Performance Fastenal Company (NASDAQ: NASDAQ:FAST ) has emerged as a standout performer, exceeding market expectations in its Q4 2023 earnings report. With an EPS of $0.46, surpassing the forecasted $0.45, the industrial distributor showcases its resilience and strategic prowess in a challenging economic landscape. Let's delve into the key factors that contributed to Fastenal's robust performance and explore its promising outlook for the future. Financial Highlights: Fastenal's Q4 2023 earnings report reflects an impressive 8.4% increase in earnings per share, highlighting the company's profitability and financial health. The significant daily sales rate (DSR) growth underscores its strong market position and effective business strategies. Total net sales and daily sales exhibited healthy increases, affirming the success of the company's expansion and customer retention initiatives. Exceeding Expectations: Fastenal not only met but exceeded market expectations, outperforming forecasts in both EPS and revenue. The company's ability to consistently outshine benchmarks is a testament to its strong operational execution and strategic initiatives. Fastenal's revenue generation strategies, combined with a focus on cost-effective operations, set a new standard for the company's operational capabilities. Guidance and Future Outlook: Looking forward, Fastenal remains optimistic about its future trajectory. The company's guidance reflects confidence in its business model and growth prospects, emphasizing continued expansion in key areas. With a focus on enhancing digital capabilities, expanding the customer base, and driving operational efficiencies, Fastenal positions itself for sustained growth. Investments in technology and innovation are expected to yield positive results, reinforcing the company's commitment to adapting to market changes while upholding core business values. Technical Outlook: From a technical perspective, Fastenal's stock ( NASDAQ:FAST ) is trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that investors have been driving the share price higher, suggesting upward momentum. The positive technical signals align with the company's strong financial performance, providing investors with confidence in the stock's future value. Conclusion: Fastenal's Q4 2023 performance showcases a company in its prime, navigating challenges with resilience and achieving commendable financial results. As the company continues to focus on growth, operational efficiency, and technological innovation, investors can anticipate sustained value creation. Fastenal's ability to exceed market expectations and maintain an upward trajectory positions it as a compelling investment opportunity in the evolving landscape of industrial distribution.
NASDAQ:FASTLong
by DEXWireNews
FAST | InformativeNASDAQ:FAST If the stock price breaks above the bullish line, positioned around $60.74, the primary target on the bullish side to monitor would be Target Price 1 at $61.76. Conversely, if the stock price descends below the bearish line, located at $59.45, there are several potential downside targets. The initial target on the bearish side would be Target Price 1 at $58.00. If this level is surpassed, the subsequent target to keep an eye on would be Target Price 2 at $56.00.
NASDAQ:FAST
by shkspr
FAST Fastenal Company Options Ahead of EarningsIf you haven`t bought FAST here: Then analyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week, I would consider purchasing the 55usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $0.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:FASTShort
by TopgOptions