Long
I bought this Burry play that has a nice setup

As they say, "When you don't know what to do, just copy Burry."
He bought at a much higher price than where we are at now and it's at this long term support line, so it seems like a good spot to buy.
I got in at $55.40 and I have two targets, a 10% gain that is around where Burry's average is from last quarter and my ideal target between $65-68.
Stop is a 4.87% loss at $52.69, which gives a nice risk/reward of 2 if the first target is reached.
He bought at a much higher price than where we are at now and it's at this long term support line, so it seems like a good spot to buy.
I got in at $55.40 and I have two targets, a 10% gain that is around where Burry's average is from last quarter and my ideal target between $65-68.
Stop is a 4.87% loss at $52.69, which gives a nice risk/reward of 2 if the first target is reached.
Nota
Raised stop to 53.98 with the breakout of the blue line on Friday. SPY is showing topping signs though, so I expect weakness in BKI too while that happens.
Nota
I lowered the stop to 53.48. There's some positive divergence and I don't want to get stopped out. Hopefully can hold until earnings and hopefully earnings will bring some positive movement, if not earnings will probably be the end of this trade.Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.