That font is ridiculous, but the tires and lights look pretty cool. Other then that, why does this truck look like a glass roof with wheel?
As for the stock, TSLA has been out of my portfolio ever since my broker has been bugging me with the risks of going long this stock, even though I went by my principles of “buying the panic” and entering in the mid 200s. After this reveal, I’m joining the ranks of the rest of herd, and just wait and see how everyone reacts to this.
Battered pot stocks (the worst performing industry) are setting up daily day-trading setups, on the long and short. I’m on the sidelines having sold CRON longs pre-earnings. Lot of shorts covering.
VFF, another heavily shorted stock, is due for a massive rebound, as there are a ton of shorts that need to be covered soon before the end of the year. If 6 holds for the week, I’m expecting a jump on Friday.
I’m sitting out of URBN which reports today. Its rallied off its August low of 20.51, but a Q4 miss can send this stock down hard. I’m putting the brick-mortar retailers on my radar for a long-term short, the basket will include: TJ Max (TJX), Dollar Tree (DLTR), and Ros (ROST), while holding longs in JWN (Nordstrom). Kohl’s is the first domino piece to fall on a Q3 earnings miss today. Will be an interesting week for retail.
I still feel this market creeps up then makes a nice spike and rally. But now is a good time to enter stocks that are beat down and are not sharing in these all-time highs of the Dow and S&P.
My current short to mid-term swing trade portfolios:
I noticed you’re a little hyped over this stock pick. Remember the rule: you will always regress to mean. Its just another day at the office, so while you have a nice win here, somewhere down the road you will face an equal loser. What will you do then that would be different from now? Perhaps, you wouldn’t share it to the world, since its easier to publish our wins. Will an aversion to loss cause you to hold on? Will you abide by your trading principles to cut losses and admit defeat? Well, that’s something to keep in mind. But going into this trade you must realize the possibility that the herd will take profits and leave you behind. Are you willing to admit a mistake there? Or will your bias rationalize your trade and cause you to hold on to the trade thinking you’re in control, when only chance or luck will make either humble you or make you look like a genius, the latter being even more dangerous as it would embolden you to make a patter of bad trades.
So while the trend is in your favor, remember you are not playing the market, but the players. The market is unbeatable, and it should stay that way. If everyone could beat the market, then there would be no game. Respect the market, and continue to short the greed, buy the panic, kick those who are down, and pull on the capes of stock traders blinded by their so-called superhero power analysis.
From the heart of a contrarian…
Sincerely, Gio
Its time to put fundamentals aside, and just attack LK from short term technical perspective. Stock is heavily shorted, and its high r/r for bears. Take advantage of those chasing the top, ride this to the 30s. Expect dips, which should make good entry points. For example, a morning pop to 29.80 showed high rate of exchange of covering, buying, and profit-taking. These uncertain and panicky exchanges usually mean the stock will continue in its short-term trend.
