Ok, decisions are made every day.
We see much of short picks looming, including mine (Clarus, RRRR for example). But it is a traders market and I managed to get some nice gains on shorting the both.
I mean I have a strong opinion about Market Leaders: I, for my part won't short Yhoo whatever they pull off rather buy it on pullbacks but many fledgling stocks are no buy&holds for me come whatever they show on the tape.
Also no one was shorting DCLK (except me, 1 year ago but I closed), but many were shorting ADFC, NETG etc...
Foreach one of the stocks which surge by several 100%, there are enough suckers who don't surge at all but actually fall. Of a broad list of around 400 stocks I gathered together in that year, around 80 soared by at least a 2 digit percentage, many others are not around there. ...At the same time i know few persons who shorted (actually they traded from the short side), and made money doing so, in a market which goes up nearly 100% in one year (the Nasdaq indices).
It was in fact one year ago when I decided not to short "bellwethers", YHOO as one big example (it trade around 180 presplit 1 year ago), but 3rd tier stocks. That worked out well.
But what I'm missing what makes some stocks to high fliers? Why did it BEAS , BVSN, rising several 100% (BEAS is up 1500%, it traded at $8 one year ago, BVSN is ahead much more), but for example NETP just hit the price it traded on its first after-IPO days...
Regards
IS. |
