The Philosophical Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Philosophical Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (11648)	8/4/2021 3:22:10 PM
From: Rarebird	Read Replies (2) of 26251

R/R is great here on a number of fronts. The risk, of course, is that SMAR closes above the peak of its rounded top. If that happens, it is prudent to cover. If it breaks below $70, I would double my short position. Lot more reward than risk. Risk is 3-4 points on the upside and reward is 35-40 points on the downside. Another risk is that the rounded top expands extensively before the stock breaks down. Shorts, get rewarded like longs for being patient. Margin interest can become a factor if you don't have a negotiated margin deal with your financial institution. Odds are about 3 to one that the rounded top eventually breaks to the downside. Till then it becomes a tug of war and game of chicken between bulls and bears.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next