Hi, this is 10 time trading champion Chuck Hughes and for a long time even I was missing out on the strategy that took my account to a whole new level…
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Nike posted a record streak of losses as concern over China's sluggish consumer recovery builds and elevated merchandise stockpiles continue to weigh on profitability across the activewear industry.
The stock slid 1.4% to $101.46 on Tuesday, falling for a ninth straight session in its longest losing streak since the company's initial public offering in December 1980.
Stocktwits is a social platform for investors and traders. "Sentiment has never felt worse in regards to AMC," Tommy Tranfo, head of community at Stocktwits, told MarketWatch, via email. "The data is communicating 'panic' pretty clearly here," he added, noting Stocktwits is seeing "extreme fear" regarding sentiment, as well as extremely high message volume.
DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
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