Baj1
Short

Put some cash into QASH now!

BITFINEX:QSHUSD   QASH / Dollar
I like the long game with QASH, but for now I'm adding to my portfolio for a short-but-steep run up. QASH has broken the down-trend and has a nice break-out flag. Might hit minor resistance at 1.20, and definite resistance at either 1.50 and 1.60, but just sitting at $1.06 USD now (up 2 cents in less than 3 hours). Depending on how healthy the run is I'm looking at anywhere from a 13% to 50% in a very short time.

Even when take some profit from this, I'm probably going to keep some QASH to add to what I already have in my portfolio.
Comment: And the whole market goes red... Still like this for a short run though.

Comments

After checking the chart I get the impression you should've actually shorted QASH. :/
Reply
Two ways to go about an investment. Long or short. These have nothing to do with the duration for which you expect to hold your position (as in long term and short term). Short positions are opened when you are bearish on an asset (expecting a price decrease after you've opened the position), long positions are opened when you are bullish on it (expecting a price increase after you've opened the position).

In other words: You should've tagged your post with "LONG" instead of "SHORT".

Again:
long != 'long term'
short != 'short term'
Reply
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