vieiraj14

Short Idea: $AMAT

Short
NASDAQ:AMAT   Applied Materials, Inc
1) I expect a momentaneous recovery in the week. Why? The stock market never goes directly to 0, the price always fluctuates and moves in waves (ups and downs), but the overall trend prevails. Also, sellers will take profits on the way down, causing a small recovery. That being said, I will start adding 15% of my total capital for this trade (Risk Management).

2) Once the stock resumes the trend I will add 25% at the breakout of the first trade.

3) 3% down since 2), I will add 40% as the trend, once again, is confirmed.

4) Last but not least, I will add the last 20% after a 4% drop since 2) happened.

Average price around $115, take profit $91, total profit 21%.

All ideas are welcome! Thanks for your time!
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