I've actually warmed up to shorting now in particular
situations. Its a very useful tool for increasing my returns when
given the right situation. If the market wants to throw me a center
cut fastball, its my best pitch to hit.
I would think you have a pretty good shot when the general
market pullsback with a 82 RSI on LLY. Can easily define risk or
scale to protect. Like I said, not my game, but a good risk/reward
for someone who likes these ones.
I'm not a short seller,
Posted by fundamentalvalues on 18th of Mar 2022 at 01:42 pm
I'm not a short seller, but for those who are, have a look at LLY (Eil Lilly) for maybe a reversion to mean to the 5 or 9 ma to start.
Excellent observation and thanks for
Posted by steve on 22nd of Mar 2022 at 05:08 pm
Excellent observation and thanks for sharing - LLY
Your welcome Steve, glad its
Posted by fundamentalvalues on 22nd of Mar 2022 at 06:30 pm
Your welcome Steve, glad its working.
I've actually warmed up to shorting now in particular situations. Its a very useful tool for increasing my returns when given the right situation. If the market wants to throw me a center cut fastball, its my best pitch to hit.
XLV pretty strong - that's
Posted by te22 on 18th of Mar 2022 at 01:49 pm
XLV pretty strong - that's a tough short at best.
I would think you have
Posted by fundamentalvalues on 18th of Mar 2022 at 01:54 pm
I would think you have a pretty good shot when the general market pullsback with a 82 RSI on LLY. Can easily define risk or scale to protect. Like I said, not my game, but a good risk/reward for someone who likes these ones.
Just looked and the Lilly
Posted by fundamentalvalues on 18th of Mar 2022 at 02:31 pm
Just looked and the Lilly endowment has sold 220,000 shares for over $62 million in proceeds. So they think it is a good sell here: https://fintel.io/n/us/lly/lilly-endowment?utm_source=stocktwits.com&utm_medium=Referral&utm_campaign=insider
Thanks
Posted by steve on 18th of Mar 2022 at 01:46 pm
Thanks