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Strategies & Market Trends : Bear!

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To: Harshu Vyas who wrote (233)4/18/2024 1:20:05 PM
From: Sean Collett1 Recommendation

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petal

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<<what stocks are easy shorts in this market?>>

Makes me think of something Steve Eisman said on CNBC in that not ever overpriced company is a short and not every undervalued company is a buy. That said that's the goal of the thread, yeah? If you have short targets throw em out and let's discuss. I think of it as taking the Graham methods and inverting them then identifying what's the catalyst.

<< If you really want to short the market, puts on the Nasdaq 100 is your best bet (to me). But you have to get both your timeframe and timing right>>

As for timing on when to open some puts on say QQQ I would say I called it pretty good. QQQ is down 4% since April 1st and support is broken so it looks to have some weakness now. Not a bad gain on a few days of holding (opened April 10th) :)

Now if this is the big move who can say but there is downward pressure on CTA's to selloff sooner. When you look at down protection I think many have been long so you risk a quick rush to the exist if key levels of support break further as folks will start to cover. The key here is we had multiple rate cuts priced in that are not happening as it stands. Mr. Market will need to reprice itself to adjust for these cuts not happening.

White collar job loss is starting to pickup steam so that should fuel some earnings declines. TESLA is a good one to view as their situation paints a clear demand decline.

@S. maltophilia

As for Bitcoin I am not saying there isn't the potential for a flash crash, I stated there still could be, but even the link you shared one must remember Ginsler was anti this prior and then approved it anyway. Wonder what the folks behind the scenes really see? Either way my stance is based only on it going to 0 and not that it can't see a decline. I hold none of it so I speculate from the sidelines.


Very nice to see this thread picking up some steam!


-Sean
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