I’m going to keep this short & sweet because we are all busy people.
We’ve tagged one of my counter trend targets (on the Russell 2000) and the downtrend is setup to at least test the lows. If I’m wrong, stop levels are addressed in the trade described below; risk reward is in your favor. I think it may be hunting season.
Tomorrow should confirm, see below:
So Here’s the Trade:
Short Union Pacific Corp ($UNP) and/or Kansas City Southern ($KSU).
Use their respective (approx.) highs as stop loss levels: $82.50 & $85.00.
Use their mid-January lows as price targets.
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i reshorted NFLX via march 85 puts.
Good move. You probably timed it better than me. I’m beginning to think shorting TSLA may result in the most F-U Money. I’ll be playing both; basically the collapse of the cult stock.
I haven’t reshorted either of them yet, but I have a trigger level on NFLX which will likely be hit today.
Elon is Raul’s god. Don’t mess with him. lol
On the other hand, I’ve been waiting on the railroads to bounce since I mentioned them in this post: http://ibankcoin.com/dyer440/2015/12/03/manufacturing-getting-railed/