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RE: Netflix will change it's name to "no flix" within 18 months
Man, I don't know...
One thing I hate about shorting and love about crypto investing is that you're capped. Even the perfect short only gets you a 100% return.
Unless, of course, you're into options, which I'm not.
You forgot to add >>>"...unless you play it via the put options." Example: My most recent short in SLV returned 700% in 7 days of trading ie a $100 bet turnt to $700, plus you got your original bankroll back. I just issued a buy on SLV that it would see $15 today. I didn play it personally as it doesn't meet my criteria. I'm actually looking to short again. :-)
True that...I have spent very little time trading options in my day. Have dabbled in puts - mostly around two companies that should go out of business: Sears and Groupon.
Did you see that spike in GRPN to $125 on the same day the trading wizards gapped AMZN down to $770 in teh futures markets overnight last week. Too funny. I'm tracking JCP as a "potential" buy but I just lowered my buy target to 2.70 from 3.10. I think it's "pretty neat" how one can actually predict a price target even though that target is a historical low. JCP about to become a short here.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=jcp&x=57&y=15&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
I'm wondering how much of that was an actual spike and how much was real???
I think GRPN is destined for the penny stock bin.
I call Groupon poopon. Most of the shit these computers do is unmitigated bs. I'm sure Jamie Dimon already canned teh guy handling teh AMZN compooterized trading account. AMZN ceo Jeff Bozo was probly ringing the red phone next to Jamie's bed that night...first words out of Jeff's mouth when Jamie answered >>> What to fukk are you guys doing?!! I bought Whole Foods to send em up in a frenzy so I could go "all out" of 90% of my AMZN shares at $1020...just becuz I like the numba....now this?!! :O
Here comes the short term sell signal on JCP as it trades at 4.87. I figger 4.90 will trigger the sell. Keep track of this trade and come back and let me know how I did. First target will be major support at 4.50. The Aug 18th expiry 4.50 puts now at .29. I doubt they break below .25. These puts will at least double by then.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=jcp&x=48&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11