After Our Massive Success with Shorting AMC, Here's Another Short Strategy to Consider
As everyone that follows me already knows, I never use technical chart analysis alone to make my calls because anyone that knows anything about technical chart analysis understands that bankers paint the charts to lead herd behavior to influence stock price outcomes. So to follow the dangling carrot on the stick will lead to numerous false positives and negatives.
Thus, you can see on the chart below, four heavy selling periods, any of which could have been used to call for shorting GOOG. However, I’ve been waiting since July for a better set up to short this particular stock that has a better possibility of giving rise to a deeper fall in price than any of the one’s observable on the below chart. And using other analytical factors outside of technical charting, I believe that this time has finally arrived and that the probability of shorting GOOG now gives rise for a much better payoff than any previous point indicated on the chart below. Of course, the proper parameters must be taken when shorting a stock (expiration date, strike price, etc.) to give such a strategy the best possible probabilities of yielding profits, so be aware of this.
The next few trading sessions will reveal if it is the proper time to short this stock before the end of next year or whether GOOG may possibly still have a little bit left on its year-end rally to $3000 a share, at which time the short would become even more attractive than at the present time.
Do you mean shorting via Puts or the stock itself? Puts seem far safer to me in limiting losses if this goes the wrong way and GooG charges on up and up.