SOL (and others),
You have reiterated that AI stocks are poised for a correction. Do you have a few that are particularl;y attractive to short at this time, specifically?
AI stocks to short
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jonnyfrank
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bpcw
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Re: AI stocks to short
NVIDIA!jonnyfrank wrote: ↑Mon Jul 17, 2023 2:54 pm SOL (and others),
You have reiterated that AI stocks are poised for a correction. Do you have a few that are particularl;y attractive to short at this time, specifically?
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
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Tobeornot
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Re: AI stocks to short
META also looks interesting. On the weekly charts its basically flat lined in the extremely overbought zone. Another two contenders are TSLA and maybe CRM.bpcw wrote: ↑Mon Jul 17, 2023 8:02 pmNVIDIA!jonnyfrank wrote: ↑Mon Jul 17, 2023 2:54 pm SOL (and others),
You have reiterated that AI stocks are poised for a correction. Do you have a few that are particularl;y attractive to short at this time, specifically?
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jonnyfrank
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Re: AI stocks to short
So....based on some feedback on short stocks, FNGD looks like a good play?
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SOL
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Re: AI stocks to short
APPL is another possibility
But remember that shorting carries high risk. Even experienced short sellers often face initial losses before seeing a turnaround. If you decide to short, it's best to do so via puts with a reasonable time premium
Alternatively, there is another strategy to consider, although it comes with a higher cost. This involves implementing a strangle play, where you purchase both a put and a call option with different strike prices but with the same time premium. This strategy relies on a significant move in either direction. Be aware that if the move is not substantial, there is a risk of losing on both ends of the trade.
But remember that shorting carries high risk. Even experienced short sellers often face initial losses before seeing a turnaround. If you decide to short, it's best to do so via puts with a reasonable time premium
Alternatively, there is another strategy to consider, although it comes with a higher cost. This involves implementing a strangle play, where you purchase both a put and a call option with different strike prices but with the same time premium. This strategy relies on a significant move in either direction. Be aware that if the move is not substantial, there is a risk of losing on both ends of the trade.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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jonnyfrank
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Re: AI stocks to short
I want to believe in the short, but dang this market is showing irrational if not "artificial" exuberance!
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AstuteShift
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Re: AI stocks to short
Personally I’m restraining myself from shorting, instead I’m looking for AI names that are not well known and add more to pullbacks
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MarkD
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Re: AI stocks to short
The Fed is on a mission. So shorting is a reasonable strategy IF you practice discipline. And choose unworthy opponents, aka, overpriced and overhyped.
https://ibb.co/YbrfxHc
SOFR replaced LIBOR (the Fed is repatriating US dollars from abroad and effectively LIBOR is dead).
https://ibb.co/YbrfxHc
SOFR replaced LIBOR (the Fed is repatriating US dollars from abroad and effectively LIBOR is dead).
"You can observe a lot just by watching"
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist