After going long on Apple I continue searching for Short opportunities.
Five vs Target = NO, The spread would have bad numbers. Both companies doing fine.
Five vs Blue Apron = Not now, maybe later, numbers not lining up yet
Five vs Destination XL Group = Maybe if the FIB retracement goes below 50%. This stock is about to bankrupt and a good candidate to short if the price further falls. I borrow the shares and sell them first and buy them back later and return them to the broker. If they will go under the trade will be a 100% win and the broker has to book a loss. If the stock just falls I will buy them back at a cheaper price, cash in a profit and return the stocks to the broker and pay my interests on it.
DXLG was already down big time but one of the executives made an insider trading and bought some stock to push the price up.
Will see how long that holds.
Fangman on the lose.
It shows that if you only had invested all your money in NViDiA and AAPL your portfolio would have made over 100% return in 2020.
No comments:
Post a Comment