It's not just a long thread, although most of us are long. I am truly happy you made money on a good or lucky trade. I also trade VTSS (usually with option positions in more complex arrangements...), and making money is name of the game. When a stock is as far above it's 50 day EMA like VTSS was, it's only opportunistic for there to be a greater reward for shorting than being long....temporarily.
What some of us raise an eyebrow to is the sudden onslaught of arrogance. I don't consider you arrogant and have no problem hearing about your positions. However, shorters by nature need to whip up FUD (Fear, Uncertainy and Doubt) and do so at the expense of more junior investors reading these boards. Since shorting is very specific to accurate timing (unless the stock is truly and permanently sick, in which case shorting in a no-brainer....), you have to be right on that timing since the propensity for good stocks is to go UP.
If you're trading VTSS and think the earnings event will produce a selloff, I'd certainly like to hear your thoughts on that because it will give me an opportunity to learn something. In fact, you may be right. Who knows?
These SI boards have proven to be a fertile ground for learning and teaching things, if people leave their hype and arrogance at the door. I can't tell you how many smart people hang here. If you've got a good case for a temporary or permanent downswing in VTSS, I might learn from you, so fess up.
Finally.....I'm not mad, I just am in this game to make money. Shorting is part of the game..and if you're right, it makes money.
Steve |
