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PCG- Cover Now If You Didn’t Do It Yesterday

Hubert Senters here.

I actually got a couple questions from viewers. Question from Tony can you break down MMM to see if it’s a good time to go long or continue to wait on the sidelines? Thanks. All right. Tony for you. I will continue to wait until you broke above the cloud. You could look at the smaller timeframes like the 10 minute but the 60 still sell. Let me look at the 10 real quick.

No. The 10 still a sell and so is the 60 something minimum if you’re going to hold it for a little time I would minimum I’d want is a 60 minute buy signal and you don’t have that going on right now. And then secondary, I would rather it be above the clouds so for me on MMM if you like hey, long, short or flat, I’ll just leave it alone for a bit. Wait for it to climb back above like $200 before you start messing with it.

Then have a question here from Rich, PCG which is the one we recommend shorting a fire out of after it got real nasty and ugly. PCG if I can type correctly. So once it got ugly I was just pointing out its nasty little chart pattern it’s fairly short here and then yesterday like you need to cover half or three quarters of your position. And now you should definitely be out.

If you didn’t take my advice yesterday and cover half or three quarters of your position if you’re short anywhere near $20 do it now. Just because they say they’re filing for bankruptcy. Sometimes companies will just gobble them up and then these things will get back up against you so be careful.

But the question from Rich is I understand that PCG which was PG&E Corporation is seeking bankruptcy re-structuring protection due to California fires. My question is does that mean the company will be taken over by another company? It could. You just don’t know.

Now we get lawyers involved. Doubts won’t get complicated. The transmission lines are critical for people sorry, I don’t know what it means. I’m not a lawyer and I don’t. I’ve never dealt with bankruptcy stuff before. Thank God. So I’m not really sure what happens in this situation.

There’s a lot of different things that can still happen. But if you’re short from $20 and now it’s trading close to $5 it’s time to cover. Do not look a gift horse in the mouth. They have an old saying too like you can take. You can lead a horse to a water.

You can’t make it drink. I guess you’d try to drown it if you wanted to but you cannot make it drink so be careful in that situation as far as what’s going to happen to PCG moving forward. Couldn’t tell you. I don’t have any experience with that stuff. It could be lots of different options so pay attention.

I’ve been asked to speak at the Wealth365 event. I’m going be doing that next Thursday at 12PM EST. I’ll be talking about some cool trading stuff. All you need to do is register with your first name here, your email and then click CLAIM YOUR FREE SEAT NOW.

Good luck. Hope it helps. And I’ll see you on next video.

Hubert.

 

 

 

​​​​​NFLX Next Targets

Hubert Senters here.

Let’s do a recap video on Netflix. We’ve been getting lucky a lot lately because we’re on the right things at the right time here. Or you may be in the right things at the right time. Anyway, we’re going one day above was aggressive long to moderate, three conservative.

And then it just happens that they would decide they’re going to increase the price of Netflix by the way in which is one of the most addictive products out there. They always accuse Facebook of being addictive. Hell I think Netflix is more addictive than Facebook. I don’t even get on Facebook.

You get hooked on a show on Netflix. You’ll be there for hours or sometimes days so there you have it. So if you’re in that trade obviously $380 it looks like it’s on tap so hold for at least $380. It could go from $380 all the way up to $420.

I’ve been asked to speak at the Wealth365 event next Thursday at 12PM EST. If you’d like to hear me walk through some financial information — actually I’ll be talking about trading. Enter your information right here first name, email address, optional telephone number. CLAIM YOUR FREE SEAT NOW.

The event starts like they do a weeklong advance is how they do it. They’ve got a lot of different speakers out. I know that’s how they do it. I don’t know why I said I think. I’ll be speaking Thursday. Go ahead and register and fill out the information and click that link.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.

Betting on Zero

Hubert Senters here.

Let’s do a follow up video on PCG. When it dropped I was going hey even the market is getting smoked or it’s volatile. This thing still look like toast on a stick. It’s done. Now it came out with they’re probably going to file for bankruptcy so there’s a couple different ways. When we were recommended it, it is around $17.27. I was like it’s probably going drop below $10. It’ll be a good short. And it happened.

So if you are in this bad boy cover at least half or three quarters of your position on short positions the best thing that can happen is they can go to zero. But look they don’t always go to zero especially when you short that bad boys.

The coolest thing about shorting stuff is you’re betting on it going lower. Very few of them go completely out of business. And these guys could still file bankruptcy and then have their assets bought up and stuff like that so you could still potentially get a bounce going up against you so be careful.

I would cover at least half of three quarters of that position and then see if you could write it down to potentially below five bucks if you can. But it’s going to be a crap shoot from that point it’s going to go higher or lower probably not going to trade a lot sideways I wouldn’t think.

Congratulations if you placed the trade and if you didn’t place the trade don’t worry about it. You know, it’s all percentages and stuff. Some of the stuff works out and some of the stuff don’t work at all so it’s all speculation at this point.

I’ve been asked to speak at the Wealth365 event. I’m going to HYPERLINK you over there. All you need to do is put your first name, your e-mail address and click that big yellow button. I’ll be speaking January 24th at 12PM EST. I believe it is.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.

Little Black Stretchy Pants

Hubert Senters here.

Let’s take a look at Lululemon, LULU. Actually the founder of the company has a really good book. I forgot the title of the book. It’s a pretty good book though. Let me look a real quick. Title of book is ‘’Little Black Stretchy Pants.’’ And it is by Chip Wilson which is the founder of Lulu Lemon. Neat little story there. If you like to read books. Grab one.

So Lululemon has a potential buy over the next couple days. It did get above the cloud today but it didn’t close above the cloud so it’s not even an aggressive buy but it did show up on my radar as a little blip above the cloud today but then closed into the cloud so add it to your watch list. It could potentially get as high as $160 right now. It’s trading at $140 so add it to your potential list of long things.

I’ve been asked to speak at the Wealth365 event on January 24th at 12PM EST. I’m going to HYPERLINK you to the form if you’re not already signed up. There can be all kinds of speakers over there talking about all kinds of different financial stuff. They always have a really good events.

Go over and check it out. First name, e-mail address and click CLAIM YOUR FREE SEAT NOW and that’ll register you for the webinar.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.

REGN Next Target 450

Hubert Senters here.

Let’s take a look at REGN. It’s working its way through a little overhead resistance. Here is the zone of resistance. Now, when you’re dealing with supporting resistance a lot of people I think incorrectly I’m going to say they’re all incorrect because I’m allowed in my opinion too.

I just don’t like when people go right there as a resistance area. It’s right there. The resistance is at this 52 week high at exactly $417.03. Works great. Never. So here’s why I look at resistance and support. That’s why I think you should look at it too and let me know how it works out for you.

A supporter resistance is an area of interest. It’s not a pinpoint dead accurate to the penny top of area so down here we’ve got a support area up here. We have a resistance area. So in this area right here we’ve got some resistance.

And you can see it’s trying to work its way through that resistance so it’ll probably get through $417 on its way as it goes through $417 and $430, $440, $450. Overall that looks really good, right considering what all the craziness that we have in the volatility of the market. This thing actually acts halfway decent.

It does have a little bit of a resistance area it’s going to have to deal with but after it clears that it should open up the floodgates to price actions in the areas of you know $450-ish so take a look at REGN also take a look I’m going to hyperlink you to this page so that you can sign up for the Wealth365 Summit.

I will be speaking there January 24th at 12PM EST. Put in your first name and email address and click CLAIM YOUR SEAT NOW.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.

GE- Is the Risk Worth the Reward?

Hubert Senters here. Let’s do a follow up question from a viewer that was asking about GE a few days ago so it's acting pretty good here. If you're looking at what's going on here and you can see nice little bottom right here. Hold on I’ll mark it an arrow. First...

LEN Long Signal

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An Up Day and it’s Still Down; Not Good

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NFLX 1-Day Buy Signal

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NFLX is Leading the Markets Now

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SWKS is Headed Lower

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Where to Trail Stops

Hubert Senters here. Had a question from Max. Max this one's for you brother. Let's take a look here where would I tell my stop-loss if I have a potential bond that's going up that we’re in? This is the one we did earlier so my potential risk here on this one was...