Trading idea competition: What is pairs trading strategy?
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Mcsnacks H Tupack
Excellent Contributor
joined discussion · Jun 29, 2023 16:14
Long and short
The long stock would be$Bruush Oral Care (BRSH.US)$. First its goal is to regain compliance over a 1.00. Second it has a new line of products to boost its next ER. Third the upside beats the downside. 500% in gains.
BAO BMW
:
master Mcsnacks, what happened to this $Bruush Oral Care (BRSH.US)$ ,it's when daily two week ago at 0.448, then suddenly all the way down from 0.38..0.33 .0.30. 0.28.0.26.0.25...now 0.2250...its this still good to holding?
Mcsnacks H Tupack
OPBAO BMW
:
Borrow rate is at its highest. Short shares are at 0. And .22 is it's support. Bouncing off of it means this will run up to .39 again and try to break the resistance at .40.
easygoing Lyon
73534553
:
shorting the stock is when you sell a stock you don't own and buy it back when the price falls (you keep the diff) the original shares you sold high are "borrowed" so when you buy on the drop in price you are returning the shares and keeping the diff. (if you short and the price goes up u lose, you want it to drop)
BAO BMW : master Mcsnacks,
what happened to this $Bruush Oral Care (BRSH.US)$ ,it's when daily two week ago at 0.448, then suddenly all the way down from 0.38..0.33 .0.30. 0.28.0.26.0.25...now 0.2250...its this still good to holding?
Mcsnacks H Tupack OP BAO BMW : I'm still holding. As long as the borrow rate increases and the amount of short shares decreases it's fine.
BAO BMW Mcsnacks H Tupack OP : thk u master Mcsnacks.
Mcsnacks H Tupack OP BAO BMW : Borrow rate is at its highest. Short shares are at 0. And .22 is it's support. Bouncing off of it means this will run up to .39 again and try to break the resistance at .40.
73534553 : Hi I’m new and trying to learn to swing trade.
Are you recommending to buy $MoonLake Immunotherapeutics (MLTX.US)$ for swing trading purposes/short term investments?
Greatvaluetrader1738 : i thought they were releasing products in June? nothing announced... only a few hours left in June.
easygoing Lyon 73534553 : shorting the stock is when you sell a stock you don't own and buy it back when the price falls (you keep the diff) the original shares you sold high are "borrowed" so when you buy on the drop in price you are returning the shares and keeping the diff. (if you short and the price goes up u lose, you want it to drop)
73534553 : Thanks for explaining
Mcsnacks H Tupack OP 73534553 : Noooo. Insider buying was so they could short the stock back down.
Mcsnacks H Tupack OP Greatvaluetrader1738 : Still waiting on their announcement.
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