MichaelEugen1

Bears are going to eat this deere

NYSE:DE   Deere & Company
Hey all, I wanted to share with you my macro outlook on DE. This stock trades surprisingly clean for a low-volume stock-perhaps manipulation? Regardless, this thing looks like a child from 2000 & 2008- it looks more similar to 2000 with the false breakout it recently made- all it needs now is follow-through down, which I expect. This is one of my largest positions short right now, and currently, is my biggest loser being down just over 2%. I am not worried about this thing in the least bit- the risk:reward to the downside is incredible, in my eyes. I think Deere gets slaughtered by bears by year-end, and sees pre-pandemic levels- I'm predicting this stock is going to halve well before this thing sees all-time highs again(probably will take many years), and I think that's a safe bet to make considering context clues from the market right now.
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