Idea: Stabilization after long fall
Technical:
- Bottom of side trend. SL < 13
- Correction to top of side trend. SL < 16.26
Fundamental:
- Growth stock class
- Pro: Growing gross margin
- Pro: RoE is growing, but it can be related to growing debt to equity
- Pro: P/E small (TODO: How to check P/E in the sector without Gurufucus)
- Con: Growing debt to equity...
This year I am implementing Ride Trades, which are an extension of my Options Trades that have confirmed my trade hypothesis. This allows us to potentially earn more from a good hypothesis.
To further mitigate risk, I will first enter with 50k and once I see further confirmation I will enter again.
Despite the overall market bullishness. DISH's price is still...
Everyone knows DISH Network. (Fun fact: the name is an acronym for DIgital Sky Highway.) Colorado-based Dish also does business through Sling TV and offers mobile service via Dish Wireless and prepaid service Boost Mobile, with plans to offer wireless internet and its own video streaming -- they do own Blockbuster. Dish TV has about 10 million paid...
Whats The Plan/Trade/Thought
Dish is a network entertainment based on channels. Very dated and probably having a rough time attracting new subscribers (12M customers)
Their existing customers will probably hold on to their subscriptions as this is probably due to them being comfortable with their present circumstances. Hence this is entirely behavioural...
This play is not only below the long term trend creating bearsish signs, it also is underneath an important level and in a down trend as well. The only thing i dont like about this short play is the earnings surprise was positive.
DISH had a pretty good day - all things considered.
Forward-looking forecasts are strong - trading below the worst-case scenario for 12 months from now with a likely 130% upside. The 4.6x P/E is also very attractive. I'm sure DISH is still popular in rural areas - but the cord-cutting trends continue and concern me - thoughts?
NASDAQ:DISH
Whats The Plan/Trade/Thought
Dish Network is a media related company and I expect advertising dollars to tighten. Also despite good earnings the price action was still bearish
Risk Mitigation
I see 15.32 as my indicator that my direction is wrong and I should exit
Can You Trade The Opposite Side (Y/N)
N
Trade Specs
Sold 242 Calls @ 0.11
...
A Descending Broadening Wedge is apparent as price falls into this large downtrend
I expect a touch on the lower trend line of this wedge as price continues its bear move
Bearish until further analysis
Im thinking a movement down to $2 to $4 looks likely (im sure it will stop at $8 to $9 along the way) with the up coming sell of in stocks thanks to the QT and continued interest rate hikes. I know it sounds crazy. Enjoy.
We are struggling around a zone that has been a battlezone for about 20 years. The price comes back to this level since the beginning of the millenium! If we can consolidate here we have a good chance to make a bigger regain.
Dish has been accumulating for the past two months. It looks like it is about to enter its advancing stage so it needs to close above $20.35-21 on the daily chart to see it go to the next resistance of $23. I believe it's up from here but, we'll see. Wait till it closes above $20.35-21
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable...
The PEAD projected a Bearish outlook for $DISH after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 85.71%.
As it becomes ever more evident that short is dominant across the board, I've begun "micro shorting" many names. The strategy is that I do not want to hold with much % any equity short without overextension - mid range, but I can hold many micro trades in confidence that the trend is down but knowing a few of them will pop - and thats ok I can make preparations...
I think that Dish is super overbought on a bunch of technical indicators that you can see on your screen.
I'm expecting it to fill that gap first, and possibly reach the full length of the forecast line.
Demand Zone confirmation
Entry 37.5
Stop 36
Target 45
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Today appears to be a downward breakout from a triangle pattern in DISH as price falls below the lower rising trendline of the triangle. The long-term (secular) trend has been downward, which adds some weight to the downward thesis here. The target is approximately the maximum depth in the triangle projected downward from the breakout point.
Lastly, having a...
