RE:RE:RE:RE:Fluffy Just for the fun of it, I looked at your chart below for TOU being a potential short. Shorting anything that is trading above the 200 day moving average is always more risky, this stock would not be a recommended short considering you can find far better shorting candidates trading below the 200 day moving average. TOU is approaching overbought on certain technicals, but being in the overbought territory doesn't always mean sell. You have the 20 day moving average moving across the 30 day moving average which is bullish short term move. The monthly 1 year MACD looks to be ready to possibly crossover and if it does that would signal a continued bullish run for that stock. I don't see a clear bearish divergence in some of the technicals I use, so for me it's not worth the risk. I would not short that stock.
What also needs to be considered is outside factors like economic data and news releases that can turn certain stocks bearish or bullish instantly and those technicals will catch up later indicating a solid reversal. For example if oil prices continue to drop as inflation gets under control then TOU will turn bearish and the chart will start heading in the opposite direction and the technicals will catch up later to confirm the reversal. As a result you don't get your short at the height of the chart, but you're also more likely that you don't lose your money on a short-squeeze. What happens if geopolitcal issues ramp up and oil takes another run up as a result? You Lose!!! It's not worth the risk until you see confirmation.
Take a look at Walbridge's chart for a good candidate to short starting back in December of 2021 with the death cross. From that point on it traded below the 200 day moving average. Would have been a good short and clearly it was to the souless institutions and hedge funds. And yes Walbridge is still trading below the 200 day moving average. So does it continue to be a good short. It can be with the institutions because they have the money to move any stock in any direction, as long as they don't compete against someone that has more money then them. Walbridge was also an example of how outside factors like economic data and new releases can turn the stock around instantly. Technically it was also screaming for a reversal, at least in the short term. We will see how far this goes and the support it has for a full reversal. When the stock is sitting at 3-5 year lows with lots of potential for recovery based on the ounces in the ground, I would say the worst is probably over for the long-term, but it doesn't mean it can't test the low again. Good trading can take years and years of experience with a lot of mistakes along the way that added to that experience.
inviolablspirit wrote: Well, if you can't short a stock, then clearly you don't have enough money in your account. You're considered a risk to cover your losses and so your trading platform won't give you clearance to short. I on the other hand can short anything I choose... and cover that short including losses if I had too.
I choose my shorts wisely and often choose not to short because I feel it is a sleezy way to make money, but sometimes I feel shorting is the appropriate move to bring the stock back to a reasonable valuation. I have never shorted Walbridge, even though inflation was a good opportunity to take advantage of the gold stocks.
Unlike the institutions and others, I actually have a conscience and prefer not to make my money that way. The risks can be high and the costs can be quite substantial if you don't know what you are doing and you're ever caught in a short-squeeze. It's probably good that you can't short, because based on your posts, you seem to lack the knowledge and you seem to be the type of person who would include his mother in the sell of your short if she could make you more money. You're clearly a shameless person and that's unfortunate for you.
When you buy or sell hundreds of thousands of shares, you don't need much for a good days work. I sold some today and will let the rest ride a bit longer and pick up more on any pullback. I believe we still have more to go and eventually those moving averages will be trending upwards. And when that happens anyones shorts become a lot more riskier.
BeelzeBucc wrote: inviolablspirit wrote: Hey Mr. "troy" ounce! So how did that short trade work out for you over the last few days? It must burn so badly to take the loss, before it amounts to more.
Well, you should have followed my advice and bought. I see all you're left with now is insulting other posters. Like you said, if you don't know enough, you probably shouldn't be investing. At least you know that gold is traded in troy ounces; good for you! I see that tidbit of knowledge didn't work out for you very well. Maybe you should have learned some technical analysis instead. Live and learn buddy, live and learn. Good luck on your next trade. Maybe you should go see if the uranium guys need help.
BeelzeBucc wrote: better watch out for monkeypox.
Beezos
I wish I knew how to short a stock. I tried this morning but my system wouldnt allow me. Can you show me how?
Bucco:)