I’m thinking if they believe the “Stay away from me, you might have corona cooties” will last into 2021-2022, then I suppose they’ll want to take it down to get better pricing and build inventory?
Ya know the only reason I took that, and I jumped early is because I just don't see the momentum players scalping that easy money in this market. Problem is, there's a lot of shorts piling on and those stops to the upside will be triggered. Now the really stupid thing to do here would be to add more.
Wow amzn almost hit $2300. Hard to see mkt cracking hard when all these flyers still pretty strong.By cracking i mean back down to 2500
Shortings tough anyway on stocks. If you must short stocks i highly recommend the weakest stocks . For many yrs they were gold stocks. Oil stocks are good examples. A simple test you can use . If you saw "oh my lord i can't believe the price of tsla . Its total insanity its could to $20" STAY AWAY FROM SHORTING IT . Reason why is as your thinking that so are 10 million others and there shorting it . Guess what ? Momentum traders could care less wether its $300 or $3000 a share. If it's going up there chasing. Then the millions of shorts panic and start covering adding more fuel. The traders keep chasing and the burn shorts reshort . The cycle goes on and on till it it doesn't and that can be a long long time.