Title says it all - do your own DD before shorting. #stocks #fintech #trading #crypto #IoT
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Down 2% today so a good start to this short call.
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We were a bit early as usual re same with NVDA but this should just about do it for VEEV now a drop of upwards of 50% if we are correct - as the title says do your own DD on this oneo
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We still believe in this trade but obviously somewhat painful - DO NOT short stocks unless you have a high pain threshold. You can blow out your account.
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Picking up steam to the downside - finally - let's see how it goes.
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Looking to double down on this short at $150 if it gets there - this is NOT a trade for retail investors. Looking for an eventual 50% drop. Do your own DD
@dRends35, Personally I see 87-97 bucks as a realistic correction point. That's if it wants to resume the ridiculous long term uptrend it has been in. If it goes down further, I'll be super happy.
NewYork888
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@Dawnchorus, Thee key to this name for a trader at least is to get it in both directions with deep in the money options puts here and calls at $50 or so if it ever gets there
Dawnchorus
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@london55555, I totally agree - I've been trying to play this off of the trend line in both long and short. You and london both seem to think that it is going to bust right through the trend line and go much lower, though.
NewYork888
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@Dawnchorus, Never mind the trend lines it's common sense - they just reported good earnings and it's down 3 % today - you tell me where it's going.
Dawnchorus
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They had a good earnings report today it looks like. I don't think that it can go much more than 10% before going down to the trend line, though.
NewYork888
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@Dawnchorus, Unless im incorrect it didnt even move the needle after hours. This name is running out of gas and it's about time. Thanks for the comment.
Dawnchorus
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@london55555, Oh, I hope it falls! Just mentally preparing myself for the worst, haha.