Michael: Don't expect AG to give you an in-depth rationale behind his/her short. Typically shorties, like overly excited longs(the "it's going to the mooon" type), aren't interested in explaining their position. They're just interested in appearing to have guessed right, and tend to take a certain adolescent stance when queried.
And this ain't to cast aspersions on the breed, as I've shorted equities from time to time, too. It's just that those who adhere strictly to the tactic, and who pull others to them a la former Wexler thread types, seem to have that certain, predictable, style. A style which, given its combative nature, goes to the heart of most folks dislike of the breed.
So it goes. It takes all types to make a market.
Meanwhile, WSTL's slide, here on the 8th day, appears to be stabilizing and perhaps moving up on what appears to be another +1.5 Million share volume day in the making. And WHAT a surprise THAT would be, given that aforementioned "wave" pattern of the past couple of months, eh? HEH!
John~ |
