John, I believe you people are making too much out of that post. On the MDD thread I voiced the opinion that the next two three weeks are going to be tough on the NAZ in general, so someone asked me what I would avoid, and I responded. It so happen that on my current screen VLNC is on avoid unless it breaks up above $20. Naturally, the mirror image of buying would imply that a run to the $17 to $18.5 area, for those with a taste for shorting, is a good area to short, and if the $14.5-$15 area is breached a test of the $11 may follow. This opinion should not have surprised you a bit, since you yourself trade the stock here by buying in the low $15 and selling (your "trading stuff", of course) above $17 or so. What is the big deal? The word "shorting" is scarring you?
This is a storm in a tea cup, but, on days where no other worthwhile news are present, it is probably the best discussion subject. (g).
Zeev
P.S. And, No, I am not short VLNC, nor any other of those 13 stocks on that list, and for that matter, I am not short any stock. |
