PD Update

١٠ يونيو ٢٠٢١

Looks like shorts are getting squeezed out of tech stocks, and this garbage is considered a tech stock.

It's all algos trading, there's absolutely no basis in fundamentals, but you can't fight the market. Just play earnings again next quarter, it'll suck again.

١٥ يونيو ٢٠٢١

ملاحظة

Even garbage floats on a rising tide.

Getting close to my target but make sure you watch what NQ1! (NDX futures) is doing before you short any tech.

١٨ يونيو ٢٠٢١

ملاحظة

Constantly amazed by this PoS, but it's part of the algos so it has to move with the market. Computers don't care if this is a PoS money losing company.

Just based on chart patterns this could hit $50 again. Will re-plot when there's a pattern. For now the resistance is at $45

١٨ يونيو ٢٠٢١

ملاحظة

Complete garbage but the chart pattern is the exact same as ARKK. Don;t short PD unless you expect tech to tank.

١٨ يونيو ٢٠٢١

تم فتح الصفقة

I think it's done. Grabbed some July $40 puts. Small position.

١٨ يونيو ٢٠٢١

تم إغلاق الصفقة يدويًا

Decided to close everything out except some PDD puts with the profits from today. Closed out PD with a small loss. Going mostly cash for the weekend.

١٨ يونيو ٢٠٢١

ملاحظة

Sharp reversal on options expiration selloff. Decided to buy SFIX puts instead this afternoon, but this looks like a top