of course, noone is perfect, but investing and/or trading is about taking risks, and right now and at this valuation and with the chart looking the way it's looking, i think there are way more risks on the long side.
check the financial profile, look at the parabolic chart, the astronomic market cap, a valuation that is already discounting all the good news known and upcoming, and then tell me what the upside is, $ 180? $ 183? a little gap up on a possible overnight banana-split announcement? the round number $ 200? is it worth it? i would look out below instead if i were long, and sell when i can while it is still above its moving averages, instead of dumping when bids are dissappearing fast like yesterday.
trees don't grow to the sky, in the best case scenario it will meander around here for a long long time, but i doubt it so much.
afraid to short a leader? look at QCOM, it was king of the hill in january by the time it made its blowoff top as fools late to the QCOM party jumped in too late.
if i'm wrong, i have my buy-cover stops in place, so who cares, but i doubt it.
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"Could it be that the script is wrong or needs a re-write?" |
