<<Doubt if we will hear from Morgan on a day like today if you read some of his past posts he is an obvious shorter of Nite>>
I can, and have posted on any day - up or down... precisely because I am NOT "an obvious shorter of Nite".
I have no fixation of being short or long any stock - I'll trade it with the trend, as best as I can read it. I don't care if I am long or short. I have been both in NITE, though, true, I've been mostly short - but that is not my fault, or my "character", but a function of how NITE has trended the past few months.
And indeed I did not trade NITE today, as I was busy with other things. I have an obligation to use my capital as efficiently as possible. If there is greater potential in a different stock, as I perceive it, that is what I'll trade.
Further, I have said repeatedly, since the pre-warning - it makes little sense to be short NITE at this point, as the general trend for the stock is UP. There are special situations where you may want to short for a quick intraday trade, but the risk/reward ratio does not favor shorts in NITE at this time.
And I have always maintained: if you have a great deal of patience, NITE's prospects are very good. I *personally* have a major problem with NITE's management and their credibility and trustworthiness, but I have always been careful to divorce that from my views of the business model and stock prospects.
I think we would all benefit by examining all perspectives, instead of labelling posters with simplistic categories.
Good luck!
Morgan |
