Post by
GhostmyDck on Jun 01, 2020 1:12pm
Bears are getting risky
The fall from 58 cents was an easy play given how fast it ran there with no news. Any bears still holding or adding to their short position are taking a lot of risk here. There was tons of consolidation just below these levels so it would be very hard and possibly take real negative news to push it back down that far. In my view, limited upside to taking a downside position here. Upside also a little risky but at least there are still 800 mil in assets supporting a upside position.
Comment by
potstockscanada on Jun 10, 2020 7:38am
Yes, 'easy play' -- it's always so obvious after the fact. If it had continued to run, somebody would say THAT was an easy play as obviously insiders knew good news was coming leading up to financials. People are so smart looking back.
Comment by
GhostmyDck on Jun 10, 2020 9:35am
LOL I like how you call me out even though I called it BEFORE it happened. I believe it was my bears are back posed...but whatever. Believe what you want. I'm here to make money, not debate easy flips and trends to see...well maybe easy for me ;)