Short-Sale Set Up - Iridium Communications (IRDM) Follow-Up 2/23/22
| Published: | 23 Feb 2022 11:57 ET |
One can treat short-sale candidates as day-trades, seeking to take advantage of the market volatility. In this case the 5-minute chart gives us some clues respect to Iridium Communications (IRDM), which was a short-sale entry up further around the 50-day line.. Note that MACD Cross which is bullish but resistance still lies at the blue 20-period line. I will cover and short, cover and short, all the way down as I seek to ensure short-sale profits in a volatile market correction with the idea of campaigning stocks, e.g., playing IRDM again tomorrow if I cover it today, which is likely at some point. I will then seek to re-enter the trade at a favorable price tomorrow morning.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.