Good Saturday morning educational piece.
Joined Apr 1, 2010
8,861 Blog Posts
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Just signed up! Now I’m a member of AHWOA and 12631. Looking forward to trading with you guys.
Thank you, Danny! Great to have you. Look forward to working with you.
Wish I was there last week…lol Just read the Thesis and your TKMR pick NICE! I’d like your thoughts on XNET as well looks like a nice technical setup.
Potential double-bottom on XNET, but still a young chart. Over $11.50 probably gets going. Would keep a stop under $11.
Sounds good! Trades kinda thin but looks to be a good risk reward have a 10.50 cost basis. Thanks Chess
You bet. See how it plays out next week.
Chess – I have an Ebola idea I’d like to run by you…. (Drum roll)… Short MCD.
Firstly, it looks like it’s setting up for another leg down, anyway. Also, I sure as hell don’t feel like eating out in public & putting my intestines at the mercy of some other individual and their microbes. Lastly, the virus has the likelihood of presenting itself initially in the African immigrant communities (both legal & illegal), which I would imagine have a decent participation as fast food workers. Not being racist, it’s just that economically, they’re starting out from scratch. It wouldn’t matter what fast food joint the person worked at, I think the entire industry would take the hit.
Would love to read your thoughts. Also, how do you interpret MCD touching the bottom of the 200 day last week?
Thanks in advance, with no pressure or expectations.
Interesting angle, Unc. $MCD weak technically and has been for a while. Expecting more downside this year.
Ok. Thank you, Chess.
Chess, don’t those “three black crows” on the NYSE from Sept 19th signify a major CIT?
I think so. Definitely.