Shorting Tech and AI stocks today is a high probability trade.

[Luckyone]

I am going to be shorting SPCX today, hopefully if it rallies back up near the $220 level. I believe the high today at 225.64 may be the top.

At a 25-30 price-to-earnings ratio and at a price of $225, the company needs to make $67 billion profit per year. Last year, the company lost $5 billion and the present outlook for this year is not a lot better, As such, this company is a major short.

What makes this a short "today" is that the indexes are showing signs that a top has been made. The Tech industry (AI and chip companies) has led every rally, meaning that the NASDAQ is the leader and the DOW the laggard (compared to each other). Today, the DOW is up 400 points and the NASDAQ is down 300 points.

That dichotomy suggest that the indexes will start heading lower from, here.

Neither the SPX nor the NASDAQ were able to make new all-time highs yesterday after the war news came out, meaning that a successful retest of those all-time highs made several weeks ago has likely occurred. On a chart/technical basis, such a successful retest needs to occur before a true correction or downtrend begins, given that there has been no negative fundamental changes.

 

[Cellblock2429]

I am going to be shorting SPCX today, hopefully if it rallies back up near the $220 level. I believe the high today at 225.64 may be the top.

At a 25-30 price-to-earnings ratio and at a price of $225, the company needs to make $67 billion profit per year. Last year, the company lost $5 billion and the present outlook for this year is not a lot better, As such, this company is a major short.

What makes this a short "today" is that the indexes are showing signs that a top has been made. The Tech industry (AI and chip companies) has led every rally, meaning that the NASDAQ is the leader and the DOW the laggard (compared to each other). Today, the DOW is up 400 points and the NASDAQ is down 300 points.

That dichotomy suggest that the indexes will start heading lower from, here.

Neither the SPX nor the NASDAQ were able to make new all-time highs yesterday after the war news came out, meaning that a successful retest of those all-time highs made several weeks ago has likely occurred. On a chart/technical basis, such a successful retest needs to occur before a true correction or downtrend begins, given that there has been no negative fundamental changes.

/----/ You're better off shorting SNDK. Look how it runs up, drops, then rebounds. It's currently selling off again.

 

[Luckyone]

I just shorted SPCX at 214.21. Stop loss is at 217.09

Nonetheless, right now this is simply a day trade, unless the stock closes today below 212.80 (lower half of the day's trading range)

 

[Luckyone]

I just shorted SPCX at 214.21. Stop loss is at 217.09

Nonetheless, right now this is simply a day trade, unless the stock closes today below 212.80 (lower half of the day's trading range)

Every one of you could have done this trade at the same price (at 214.21) given that I did my trade a few minutes before 11:43 but it went back up to 214.90 at 2:19pm. now trading at 202.00 at 3:27pm

 

[Luckyone]

This is what I am looking on the charts tomorrow:

I am up $1241 as of the close today and given that the stock closed near the low of the day, it suggests further downside below today's low at 195.13 will be seen tomorrow, suggesting that I will be up near $2000 on the trade tomorrow at some point during the day.

In looking at the 10-minute chart. there is some support built between 183.40 and 188.41. If that is seen tomorrow, I will consider taking profits, depending on the action and what the stock indexes are doing.

If the NASDAQ100 gets below 29394 (closed today at 29968), I will likely stay with the SPCX short.

 

[Toddsterpatriot]

I am going to be shorting SPCX today, hopefully if it rallies back up near the $220 level. I believe the high today at 225.64 may be the top.

At a 25-30 price-to-earnings ratio and at a price of $225, the company needs to make $67 billion profit per year. Last year, the company lost $5 billion and the present outlook for this year is not a lot better, As such, this company is a major short.

What makes this a short "today" is that the indexes are showing signs that a top has been made. The Tech industry (AI and chip companies) has led every rally, meaning that the NASDAQ is the leader and the DOW the laggard (compared to each other). Today, the DOW is up 400 points and the NASDAQ is down 300 points.

That dichotomy suggest that the indexes will start heading lower from, here.

Neither the SPX nor the NASDAQ were able to make new all-time highs yesterday after the war news came out, meaning that a successful retest of those all-time highs made several weeks ago has likely occurred. On a chart/technical basis, such a successful retest needs to occur before a true correction or downtrend begins, given that there has been no negative fundamental changes.

How much did it cost you to borrow the shares?

 

[Luckyone]

I lowered my stop loss to 215.00. As such, I am only risking $79 (per 100 chares)

 

[Andrew_Jackson_FTW]

Luckyone

But you have been on record telling people not to invest when Trump is president. And weren’t you saying back in March that AI is going to crash? And then from April 1 until now we’ve had one of the greatest stock market runs in history. Texh stocks have been red hot delivering record returns for many people. Many new millionaires were minted IE people who 1 year ago invested in micro, Sandisk corporations, Marvel, AMD among many others. And it’s just incredible people like you keep saying what you’re saying. Telling people to “short stocks and don’t invest in Trump’s market”. You know for the average person listening to you, especially if they don’t put in a “stop loss” They would’ve been wiped out if they took your advice. ..you pumped up a Chinese company that completely tanked months ago.



Even if some leading stocks like Nvidia, AMD and Intel drop 40% in value there’s still way up in the past 365 days.

Myself along with many people are very happy We did not listen to people like you in 2016, 2024 and early 2026.

 

[Luckyone]

Luckyone

But you have been on record telling people not to invest when Trump is president. And weren’t you saying back in March that AI is going to crash? And then from April 1 until now we’ve had one of the greatest stock market runs in history. Texh stocks have been red hot delivering record returns for many people. Many new millionaires were minted IE people who 1 year ago invested in micro, Sandisk corporations, Marvel, AMD among many others. And it’s just incredible people like you keep saying what you’re saying. Telling people to “short stocks and don’t invest in Trump’s market”. You know for the average person listening to you, especially if they don’t put in a “stop loss” They would’ve been wiped out if they took your advice. ..you pumped up a Chinese company that completely tanked months ago.



Even if some leading stocks like Nvidia, AMD and Intel drop 40% in value there’s still way up in the past 365 days.

Myself along with many people are very happy We did not listen to people like you in 2016, 2024 and early 2026.

I covered my shorts at 178.21. Profit on the trade of $4274 per 100 shares.

I will reconsider putting up the short again tomorrow, depending on where the weekly close is looking to be. That trade and level is yet to be decided.

 

[Luckyone]

Luckyone

But you have been on record telling people not to invest when Trump is president. And weren’t you saying back in March that AI is going to crash? And then from April 1 until now we’ve had one of the greatest stock market runs in history. Texh stocks have been red hot delivering record returns for many people. Many new millionaires were minted IE people who 1 year ago invested in micro, Sandisk corporations, Marvel, AMD among many others. And it’s just incredible people like you keep saying what you’re saying. Telling people to “short stocks and don’t invest in Trump’s market”. You know for the average person listening to you, especially if they don’t put in a “stop loss” They would’ve been wiped out if they took your advice. ..you pumped up a Chinese company that completely tanked months ago.



Even if some leading stocks like Nvidia, AMD and Intel drop 40% in value there’s still way up in the past 365 days.

Myself along with many people are very happy We did not listen to people like you in 2016, 2024 and early 2026.

I NEVER said AI was going to crash!

I also never said the market was going to crash. What I said was that a correction would likely occur (we just finished having one of 8% and that a downtrend might occur. It is still a decent possibility

 

[Toddsterpatriot]

I covered my shorts at 178.21. Profit on the trade of $4274 per 100 shares.

I will reconsider putting up the short again tomorrow, depending on where the weekly close is looking to be. That trade and level is yet to be decided.

I just shorted SPCX at 214.21.

I covered my shorts at 178.21. Profit on the trade of $4274 per 100 shares.

Ummmm.....214.21-178.21 = 36

So, you meant $3600 profit per 100 shares?

Damn, you sucked at math in your first posts and you still suck at math today.

DURR