UNRELATED to IOMG:
Glad to see your answer!
While I would not further comment on your IOMG shorting at this point,
I would like to say that PRST looked like a good short to me too, after it went past 140. For the record - I never shorted or bought PRST.
CYBE is an old love affair of mine - in at 13 - out at 36, in at 35 - out at 30. And that was it - I made a LOT of money on the way up, and lost SOME on the way down - but remember that I DO CUT LOSSES, at
10%, 15% at the most, Unlike you, it seems. So, if you have followed my posts closely, you would have known that I am out of CYBE for now.
BUT, I am looking to get back in - when business there picks up - I will let you know so you can cover fast and ON TIME.
Strange, very strange ... you are about to short two other stocks that are in my potfolio - XICO, and AMTX. While I concede that AMTX is somewhat priecy, I warn you against shorting XICO. You will not lose a lot, or fast, because it is not IOMG-like, but you will lose money surely!!! For starters, let me point out that XICO is about the only semi stock that has set a new high recently and has held its ground.
Next quarter will blow anyone's socks off and the stock will move close to 20. Do not become a victim! The good run-up XICO had is not a good enough reason to short it!!!
Hope this helps!
Winner |
