Short Ideas

[gfp927z]

Drfreely, I haven't followed Tesla that closely, but chartwise it does look like it could be starting to roll over. $25 bil market cap, and the chart has been sideways for a year. Looks like a big short position is in place, approx 25% of the float. Key support looks like 180-185 area (May and Jan lows), so the official signal to short would come if it breaks below there. Then next key support looks like 140 and 120 (Jan '14 and Nov '13 lows).

Speaking of Apple, could it be the first $1 Tril company? Possibly, but while it's minting gobs of money at the moment, I still feel queasy about tech companies like Apple. There's a big trendiness/fad element to their products, and there is the problem of commoditization eventually eating into their rich profit margins, plus the loss of their visionary leader. The stock looked like it had run out of gas until they did their split. Can't argue with that monster chart though.