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WKHS

It is an undeniable reality! Complacency phase!While newbies were hoping for markets recovery, those who have plans made themselves ready to benefited from BEAR market. If you look at the SQQQ weekly chart you will soon notice the reversal in trend and huge increase in trading volume, almost 10 times in comparison to 6 months ago. No need to say we see huge decrees in trading volume of stocks, and EV makers as front runners of the market since February 16. Please read my analysis on February 17, 2021, and see that I mentioned correction seems inevitable..! That day NIO holds price tag of 56, and Tesla was 794. I started writing bearish views from mid February 2021, and asked my followers to cut their exposure every week and use tight stop loss, 3 weeks ago I asked them to sit on their cash and just watch, no regrets so far! I started shorting the hyped and overhyped stocks and asked my followers to do that! There is a comment below my WKHS short analysis that one follower thanked me for 2000% gain shorting workhorse..! Two weeks before that people trashed me because of bearish views on workhorse. They forgot the I was putting my target on 40-42 when WKHS was 20-22. Past is Passed, let’s talk about current situation. We are at the beginning of a new era, yet most traders/investors are in the Complacency phase. They tell each other we should cool of and wait for the next bullish rally. Most of them think 1.9 trillion stimulus package will be their savior. Now let’s look at the reality, what happened in the market from March 2020 to mid February 2021 was the absolute definition of Melt up phenomenon. What Is a Melt-Up? A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy. Gains that a melt-up creates are considered to be unreliable indications of the direction the market is ultimately headed. Melt ups often precede meltdowns.(investopedia) The definition of meltdown will show up soon..! Moshkelgosha
NASDAQ:SQQQLong
by Moshkelgosha
16
The Week Ahead: WKHS, TLRY, NKLA, ACB, MJ, TAN, ICLN, IWMI'm doing a quick and dirty this week just to give me a sense of where premium is at ... . Highly Liquid Single Name With Earnings in the Rear View Ranked by 30-Day Implied Volatility: WKHS (27/232) (EV) TLRY (13/193) (Cannabis) NKLA (15/138) (EV) ACB (6/124) (Cannabis) SPCE (30/120) (Aerospace) PLUG (39/113) (Alternative Energy) NIO (41/107) (EV) TEVA (11/103) (Pharmaceuticals) TSLA (30/103) (EV, Alternative Energy) NCLH (6/95) (Cruise Lines) Highly Liquid Exchange-Traded Funds Ranked by 30-Day Implied Volatility: MJ (39/76) (Cannbais) TAN (47/71) (Solar) ICLN (10/56) Alternative Energy) KRE (9/54) (Regional Banking) LIT (41/53) (Alternative Energy) JETS (41/53) (Airlines) SMH (21/46) (Semiconductor) EWZ (7/46) (Brazil) XLE (3/46) (Energy) XBI (27/45) (Biopharma) Highly Liquid Broad Market Exchange-Traded Funds Ranked by 30-Day Implied Volatility: IWM (13/35) (Russell 2000) QQQ (13/32) (Nasdaq) SPY (8/24) (S&P 500) DIA (3/22) (Dow Jones) EFA (6/19) (Global Equity, ex. Canada/U.S.).
AMEX:IWM
by NaughtyPines
2
America Targets Forced Labor--Gives Economic AdvantageThat's probably the only reason why they care too, lol...It creates an unfair economic advantage--and that's it! (Newsquawk) "Furthermore, it was reported that the US administration will engage with allies to combat forced labour including in China and will examine how the Treasury, Commerce Department and USTR can work together to deter currency intervention for trade advantage and is to pursue all available tools to address China's unfair trade practices from excess capacity to coercive technology transfers." See, we've just displayed a clear economic incentive to stop forced labor. More proof capitalism is the answer to all the world's problems. Just kidding lol ;)
NYSE:BABA
by stocktradez6
Bearish flag on WKHS heading below $10NASDAQ:WKHS Workhorse has had some quite bad news in the last couple of days, including the loss of a $6 billion vehicle contract, offered by UPS to one of WKHS competitors. What could have been a massive push to the company's vehicle orders is now gone. Well almost, because Workhorse management want to meet with UPS to discuss the matter. Though I would be very surprised that changes anything to the outcome of the contract awarding. From TA perspective, buying a stock that has lost half of its value within a few days is tempting, but not always a good idea. I see it forming a bearish flag before continuing the dip, which could lead the stock below $10. The RSI is also showing a big weakness. BUT, don't get me wrong, I don't recommend to short the stock as the risk-reward ratio is not great, but I prefer waiting for the bottom to buy, then ride the stock back up.
NASDAQ:WKHSShort
by fbits10
2
Goldman Restarts Cryptocurrency Trading DeskThis is copyright, but hopefully they don't care (pretty sure they don't). I'm a rabid hoarder when it comes to key stock market facts, and zh is the best I've found.. "2018 was not a good year for bitcoin, and for cryptos in general: after hitting an all time high in December of 2017, much of the remainder of 2018 was spent with the crypto bubble deflating, with early crypto investors first casually than fervently taking profits and dragging the price of cryptos ever lower. The punchline came in September, when as we reported at the time Goldman - clearly disappointed with the lack of upside momentum - suspended its fledgling crypto trading desk plans... Well, fast forward a little over two years forward when following the 7-fold increase in the price of bitcoin since Goldman's cowardly exit, the bank - which has lost some of its top executives in recent weeks - has made a less than triumphant return and according to Reuters, has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week. As before, the team will sit within the U.S. bank’s Global Markets division, the Reuters source said, which means that while Goldman is putting on one trade for its prop traders, it will be using its flow desk to have clients to the opposite. The desk is part of Goldman’s activities within the fast-growing digital assets sector, which also includes projects involving blockchain technology and central bank digital currencies, the person said. Reuters adds that as part of this renewed bitcoin trading effort, the bank is also exploring the potential for a bitcoin exchange traded fund and has issued a request for information to explore digital asset custody. The trading desk reboot comes amid growing interest by institutions in bitcoin, which has exploded more than 470% over the past year, outperforming any asset class pitched by Goldman's research desk. Of course, the real reason why Goldman is interested in getting back to bitcoin is due to its wild volatility, which while painful for holders is extremely valuable for prop traders, and makes both the underlying token and related derivatives attractive for investors willing to take riskier long or short positions as they hunt for yield in a record-low interest rate environment. As Reuters reminds us, since the first unsuccessful attempt by Goldman to launch a trading desk in 2018, market infrastructure for bitcoin and other large cryptocurrencies has significantly matured, with many established financial institutions offering products and services, including CME Group Inc, Intercontinental Exchange Inc and Fidelity. The developments have helped to attract more mainstream companies to the sector, ranging from those offering crypto services to retail or institutional investors, to companies opting to hold bitcoin on their balance sheets Last month, Tesla said it had bought $1.5 billion worth of bitcoin, while Bank of New York Mellon Corp said it had formed a new unit to help clients hold and transfer digital assets. Then, on Monday morning, hedge-fund billionaire Dan Loeb took to Twitter to share his thoughts on the subject. “I’ve been doing a deep dive into crypto lately,” he said. “It is a real test of being intellectually open to new and controversial ideas.” Loeb’s comments were in response to a blog post titled “NFTs and a Thousand True Fans” by Chris Dixon, a general partner at the venture-capital firm Andreessen Horowitz. In Dixon’s post, he expounds upon the role that non-fungible tokens will have on digital creators. Meanwhile, crypto continued to win over the world’s biggest financial institutions. As reported earlier, Citigroup laid out a case for Bitcoin to play a bigger role in the global financial system, saying it could become “the currency of choice for international trade” in the years ahead. Bitcoin was 8.4% at just over $49,000 on Monday, despite the latest attempt by the NY Attorney General to spark a selloff: New York’s top law enforcement officer issued a scathing statement on the market and warned consumers about its susceptibility to “speculative bubbles” and abuse by criminals. “Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains,” Attorney General Letitia James said Monday in an investor alert. Well, of course they are, and it's because of their massive risk that they provide just as massive returns, something which has not been lost on all those who held on to the token for the past several years and are now extremely rich thanks to it."
B
by stocktradez6
$WKHS a Trade Idea!The shares of $WKHS sank 52% in two days this week after the USPS said Oshkosh Corp., not Workhorse, would get a contract to build new vehicles for mail carriers. They rebounded 25% on Thursday after a congressman said he was trying to reverse the decision, only to resume the drop on Friday. The stock lost 51% of its value this week. Fundamental analysis: This might create great opportunity for investors to BUY dip. However; we should be very careful . Technical Analysis: $15 per share acting as strong support for $WKHS. The price tested $15 area 3 times and got rejected as it was marked on the graph. Here we can risk 4-5%, But if the upward tred starts moving the reward will be bigger.
NASDAQ:WKHSLong
by Trading_with_Shakhboz
4
Companies Selling Stock Were Outperforming The Nasdaq By 40%ZeroHedge, Wed, 08/26/2020 - 10:05 "2020 has been a stunning year for countless reasons, and one of them as we previously reported is that following the covid pandemic there was an absolute avalanche of equity offerings, culminating with some $113 billion in stock sales in the second quarter as we showed before. "Yet while the staggering amount of follow-on offerings is not news, the performance of companies selling their stock is nothing short of shocking, because whereas in a normal world the association dilution with new equity sales would in theory result in depressed stock prices, the reality of the past few months has been anything but. First, a quick update on equity offerings as of late August. As Bloomberg notes today, a new milestone in secondary offerings shows the power of this year’s unique market in bringing together sellers and buyers. Issuers and their largest holders have now priced 783 secondary offerings on U.S. exchanges this year, with the total surpassing 2019’s full-year total of 780 on Monday. In terms of cash proceeds, the $169 billion raised in this year’s secondaries is already the most for a full calendar year since 2015. And unlike the surge in IPOs, which has been driven largely by special purposes acquisition companies, Bloomberg notes that these secondary offerings are being conducted in real businesses. Two main factors deserve the credit for this years-high in deal flow. On the sell side, companies found themselves scrambling to cover cash needs, while a pandemic spoiled expectations for revenue. On the buy side, traders kept coming back for more after recent deals shocking outperformed the broader market. And here is the punchline: stocks sold in 2020 secondary offerings closed on Tuesday 39% above their offering price on average. That’s outpacing the year’s 28% gain in the Nasdaq Composite Index, a 40% outperformance. There's more: the performance of July’s 98 secondaries, which closed Tuesday an average of 278% above their offering price, serves as a recent and major source of excitement for more paper in the market. Indeed, if investors are clamoring for public companies to sell their stock and raise cash, which company in its right mind would say no? As Bloomberg concludes, while the pace of deals is now slowing heading into a traditional vacation period for equity capital markets, bankers are optimistic that the final four months of 2020 continue to serve as fertile grounds for even more secondary offerings." "Companies raised more money through stock market listings in 2020 than in any year besides 2007", FT "Companies raised more money through stock market listings in 2020 than in any year besides 2007, as a rebound in equities valuations lured in businesses and blank-cheque acquisition vehicles rushed to list in the US. Businesses raised almost $300bn through flotations globally in 2020, including a record $159bn in the US, according to data provider Refinitiv. The boom included the public debuts of high-flying tech businesses such as DoorDash and Airbnb, as well as listings for groups that seek to buy others and fast-track them on to public markets."
NASDAQ:SAVA
by stocktradez6
4
Owners Bias#Education Owner Bias: when you own something you always think it’s value will increase in the future. To prevent this always do your analysis before entering any trade! When you enter the trade, do not looking for evidence to confirm the decision you made! It is useless and waste of time! You have to look for evidence that contradicts your previous decisions to save your capital and profits! Previously I wrote”Don’t love your stocks because they don’t fall in love with you”. Having said that,It will prevent the consequences of feeling worthless when your love (stock, option, commodities)betray you! If you do not have NEUTRAL MINDSET, you will experience all these stages after any loss you make in the market. The five stages of grief are: * denial. * anger. * bargaining. * depression. * acceptance Last week when for the first time the portfolio ended with loss I feel so bad, but when I look at the evidence, I noticed I finished 5/6 in positive (83.5%), so I’m able to find a way in this big market for the next week! Copping with your loss makes you stronger..! Believe me!
CEducation
by Moshkelgosha
12