3309 Drysdale Ct
Edwardsville, IL 62025
I shorted NVAX again. How can a late to the game vaccine with
significant side effects have much upside?
Seems to me that the market is being held up by beaten down low
quality tech stocks. Many stocks with terrible fundamentals (CVNA
and several others) are up 5-10% today. Meanwhile the IBD 50, which
never seems to be able to get calibrated during bear phases, is
making new lows for the year, down almost 50% since November (not
as bad as ARKK, but still . . .)
I'll answer for Kobie since he's had to answer that a few times
already. It signifies news events and he can't remove it from his
$bpener at 4.76. If 100 is a sell signal, is 0 a buy signal?
So . . . lower food prices coming?
ZYXI is a stock that is acting well after a strong move
Except why is only up 8% while the VIX is up 10%? Doesn't sound
ultra to me.
BTW, after more drama than necessary I covered my NVAX short for
a modest gain. I may regret it, but BNTX is probably a safer short
until the FDA makes its final call.
So he's predicting an oil bust down to $20 but a SPX melt up to
$6k? I don't get it.
All of the other shipping stocks are weak too. Not sure if there
is any particular culprit.
NVAX - OK, no big deal that it causes heart problems in young
males. Approve it anyway. I will "take some heat", but I still
think it's a long term loser.
All of the small and mid cap indexes are also above the 50 DMA,
a positive for the market.
Well, that's me you are talking to, and I own it. But it's also
true that even in choppy markets there are opportunities. Coal
stocks are making a decisive move today after a period of
consolidation. I bought HCC and also a steel stock, TMST, that
broke out to a new high from a good looking pattern. Sure, these
could reverse, but I think the reward to risk is favorable.
NVAX halted for some reason. I don't see any news on it yet.
It's an indication that a lot of beaten down stocks have gotten
a good bounce and haven't fallen back down to make new lows. Stocks
like ASAN, CVNA, TWLO, W and others have given plenty of
opportunity on the short side, but on up days they can have double
digit gains without it looking like much on the charts. So it seems
that the short side on them is getting more dicey lately.
I held onto some SDS from the system trade over the weekend and
have shorts in AFRM and NVAX. I see some risk in AFRM, but it's a
hedge against some of my longs. NVAX, on the other hand, seems like
it could still have considerable downside after Friday's negative
news and high volume spike down. The rest of my positions are
longs, with RCMT being the star of the bunch.
BTW, can anybody tell me if LABU/LABD are based on XBI or one of
the other biotech indexes?
I guess that might as well be undefeated. One loss for $23?
Hmm, it's not exactly clear what the trend is right now though,
Sheryl Sandberg leaving the company.
IBD's confirmed rally was very short lived. Back in a correction
they say. Maybe they can be a contrary indicator.
Yes, I definitely believe that. By the way, the $NASI got fooled
for the 3rd time in a row also.
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