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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Harold S. who wrote (348914)11/20/2007 12:22:04 AM
From: lifeisgood  Read Replies (1) of 436258
 
When are you looking to cover the short on ACF? Thanks


LOL. As usual, I covered WAY too early. I rode it down from around 25 and covered around 15 (I shorted a few bounces between 16 and 18 for extra change but the windfall came from the 40% decline from 25).

Wish I woulda hung on but you know the old "bird in the hand" thingee...

Best...

LIG

P.S. I wouldn't initiate a new short on ACF at this level. The easy money has been made on this one. Although this stock will eventually see the low single digits and may go belly up, it will be a rough ride getting there from here (if you're short).

I'm thinking of taking AMWD on again (I rode this one down from the high 30's). It still has a LOOOONNNNG way to fall (i.e., single digits). Builds kitchen cabinets for new homes. And since the housing bust is "contained," this stock has a bright future. Cough Cough.
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