NASDAQ. What we can learn from the past

Back in 2000, the dot com bubble burst. However, signs of the bubble can already be seen as far back as 1998 when IPO.

Today, we can find similarities in the market; except that it can be worse.

Like the 2000 dot com bubble, the startups scene has been exuberated with ‘unicorns’ that never make money. We have more of those now compared to dot com bubble.

The venture capital winter started as far back as 2018 with a number of high profile failed IPO in 2019.

Couple with the on-going US-China trade war, and the pandemic caused by COVID-19, the economy can’t be performing better than ‘its peak’.

Raise cash and stay safe.


Radware Ltd (NASDAQ:RDWR) : Bull short candidate

An update to my last post on a possible bull short on RDWR.

My last post highlighted that RDWR has moved up a lot within a short timeframe and the stock has failed to go higher.

Since my last post, RDWR has struggled to go higher above $23 and in most days it is with low volume.

In fact, most of the buyers seems to have exited their long positions.

Today, RDWR gap down on opening. Pretty much thanks to the news from Goldman Sachs.

On the Ichimoku chart, it is now sitting on the Support level of $22.06 as identified by the Chikou Span.

If it breaks this level, it may go to $21.