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Possible ST TOP.....


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#21 dTraderB

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Posted 11 June 2019 - 06:38 AM

Fake meant stock BYND down 11% in pre-market as JPM and others downgrade

 

I looked at the PUTS yesterday but could not pay such crazy premiums.... maybe I should have but there will be other opportunities 

JP Morgan downgrades Beyond Meat: It's 'beyond our price target'
CNBC-1 hour ago
The stock is “beyond our price target,” J.P. Morgan analyst Ken Goldman said in ... the extraordinary revenue and profit potential embedded in BYND… will be ...
Even the most bullish Wall Street analysts can't keep up with Beyond ...
CNBC-17 hours ago
There are eight Wall Street firms covering Beyond Meat's stock and, after the ... But “as long as Street forecasts fail to properly reflect BYND's ... 


#22 redfoliage2

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Posted 11 June 2019 - 09:31 AM

Today the market is rallying on rumors/lies that the Chinese government will implement QE soon.  It's a lie from some media and reporters.  Currently QE is not a preferred policy of the Chinese government as their recent politburo meeting indicates.  Nowadays the market can rally on lies but it won't last.............


Edited by redfoliage2, 11 June 2019 - 09:35 AM.


#23 alexnewbee

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Posted 11 June 2019 - 09:44 AM

Today the market is rallying on rumors/lies that the Chinese government will implement QE soon.  It's a lie from some media and reporters.  Currently QE is not a preferred policy of the Chinese government as their recent politburo meeting indicates.  Nowadays the market can rally on lies but it won't last.............

This market is a lie since they permitted the banks to mark their assets not "mark to market" but "mark to fantasy" in 2009. And that was the beginning of this rally of lie :)

But, on the other side, this permitted us to avoid (well, postpone) the GREAT depression.


"we do G.d's work" Lloyd Blankfein

#24 12SPX

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Posted 11 June 2019 - 09:51 AM

Interesting, hadn't heard about the Chinese news was wondering why they were up so much last night!  It's kinda looking like we might see a turnaround Tuesday, we'll see!!



#25 dTraderB

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Posted 11 June 2019 - 10:38 AM

Who has been selling yesterday and today? 

That determines how low the market will drop, if it drops at all from yesterday's close



#26 dTraderB

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Posted 11 June 2019 - 10:38 AM

Interesting, hadn't heard about the Chinese news was wondering why they were up so much last night!  It's kinda looking like we might see a turnaround Tuesday, we'll see!!

 

 

People (who?) are selling the rallies since yesterday's high



#27 alexnewbee

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Posted 11 June 2019 - 10:43 AM

Who has been selling yesterday and today? 

That determines how low the market will drop, if it drops at all from yesterday's close

The ones who bought Mexico scare, it's obvious smile.png

I would say DT and his cronies, LOL.

 

The guy made a joke out of US stock market, really. I don't remember and could not imagine anything like this. There has always been manipulation, just read Livermore, but such blatant and obvious - that is really the top! Hats off ;)


Edited by alexnewbee, 11 June 2019 - 10:45 AM.

"we do G.d's work" Lloyd Blankfein

#28 dTraderB

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Posted 11 June 2019 - 10:55 AM

BYND now down by 20%  from close yesterday

 

Intent was there, I posted about it, option chain was on the screen, but just could not pull the trigger on the BYND puts yesterday



#29 dowdeva

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Posted 11 June 2019 - 11:02 AM

forming now. Could take a few hours. Will be invalidated if SPX closes above 2908

 

Watch the VIX vs SPX chart on an hourly basis

 

 

Been shorting since the bell, a bit early. Covered half at approximately 289.70 via puts. Letting rest ride.



#30 alexnewbee

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Posted 11 June 2019 - 11:08 AM

Short @2905


"we do G.d's work" Lloyd Blankfein