BABA is currently in a downtrend, and it has a good while before price to sales reaches a more sane level, at least until it hits 77.65 or so. There's a 'Time at mode' downtrend signal that got triggered last Thursday, and we shorted on the pullback on Friday. I bought out of the money puts and bought a put spread to reduce costs on my bearish stance. Risk is 1% overall, and aiming for a nice return here.
If you wish to join, you can either trade it with options, in a variety of ways, or simply short the shares using the reccomended stop loss for position size (you don't need to actually place the order).
Good luck,
Ivan Labrie.
If you wish to join, you can either trade it with options, in a variety of ways, or simply short the shares using the reccomended stop loss for position size (you don't need to actually place the order).
Good luck,
Ivan Labrie.
코멘트:
Short seeems to be viable here.
코멘트:
3 days and still under resistance, looks good.
매매 수동청산:
$BABA invalidated the short idea here.
코멘트:
We can reshort this one at the open, since it confirmed a downtrend again, on close today.