Staff,
I remember when you started (and continued) to short DDIM as it moved up from the lower 20's to the mid 20's. The more it went up, the more you shorted. The longs were after you big time, too.
You said not to worry over a dollar or three further upside move cause this baby's coming down -- big time. Just keep shorting. Right you were.
Now that it's moving downward, it will continue to do so, IMO, for some time to come (with up days in there, too, I'm sure). How low? How fast? Who knows. But single digits is where it will end up. Put it in the bank.
Like you say, establish and accumulate a core position to profit from a stock's eventual BIG move. Then, "stick and stay, and make 'em pay". As long as you have the financial & emotional staying power, you'll come out okay. Good call. |
