Read my posts again - I never said I was a long term holder (long or short). I said short with impunity on any run or mini-run. Obviously, one cannot short on a down tick. As for shorting at levels you consider low, consider my call to short this stock in the $30's months ago, when the conspiracy nuts and cheerleaders were saying that after a fall from $72, $30 was a bottom. We went to $20. In fact, I remember I was taking barrages left and right from notables such as Esway, BWAC, KM, spytrdr, ecommerceman, etc. Then the nuts continue to say that $20 was the bottom, we went to $13. Shorting at $20 last week (or high $19's) yielded a nice $2 return per share on a $20 stock as of yesterday. Not a bad trade for a week. Keep holding dead money long.
Besides, you know a company is in trouble when desperate longs have to use words like "bitch", "asshole", etc. to attack the analysts and the shorts who are making money. |
