Here is a few tips on shorting:
no matter how stupid the news is, NEVER short a stock when it has
plenty of steam of left. You will just get yourself killed in the
process. Take NANX for example, the day it ran for 5+ points, on 1
lousy upgrade from their underwriter (ha!) and Joe Kernan's mention. Investors are not rational, market is inefficient, not every buyer is a chemist or bio-chemist. As long as the news look good, they will buy in. To short GERN at this level is stupidity IMO. Wait for the news to hit most of the wires, and tv, newspapers before shorting. I'm long at this moment, but I will short when the momentum turns, so far I have no idea when it is turning (sometime in the coming week I think). BTW, I heard 20/20 is gonna do a report on GERN.
Best of luck to your shorts
Regards |
