Ñ:
You said Nine months from now, OTOH, it will be less than a buck. That's typical for "this kind of stock." That's all that matters to me. If you want to short at 14, or 7, or 2, you'll make money. It's just a matter of whether you want >93%, >86%, or >50%, respectively. Other than that, you just have to wait.
Inasmuch as I respect your work greatly, I am trying to get some insight into your trading strategies wrt these 'unlimited potential' shorts.
Were ZERO to attain Visteon's market cap (ludicrous I know, but your benchmark) of about $2 billion, than ZERO would be at $130 per share.
I know I could not maintain my confidence, or my net worth, through that kind of run-up. I would give up and cover, losing my shirt.
So, what I do is short with caution, and watch carefully. The thing could certainly pop up to $20 (already made it to $14 once), and just as easily never see $7 again. It's the potential volatility that makes it tough.
Thoughts?
Peter |
