1. Do you know the NYSE specialist system? If not, take
a "Random Walk" over to the Richard Ney thread;
Checked it out, thanks. Interesting thread. And it corroborates what many shorts here have been saying re: AOL being a rigged stock.
I can see a stock being rigged short-term, or even medium-term, but ultimately real earnings (or lack thereof) will bring it back to earth. Then all the money that went into puffing up the stock will deflate it just as much. I want to be there for the deflation.
2. Do you know how a specialist profits from your short
trade other than the "squeeze"? Stock Detective website
has an article on this, too.
Do you have a URL for that? Thanks.
4. And lastly, time is not your ally with options!
Yes, that's why I considered shorting instead. But with options the most I can lose is 100%, whereas with a short I can lose an infinite amount. So, while options are hard to time, I find them a safer bet.
Good luck Rhett, fwiw, I've been long on this since
Feb 97 at 18, post-split, while someone on this thread
is already 100% underwater on some of his short positions.
You and the other longs have been very lucky. I congratulate you all--this is one I never would have picked to go long in.
I asked Sam this, so I'll ask you: when do you plan to get out? My sense is that, with that much paper profit under your belt, $75 post-split might be a good number, and with Steve Case's recent inside sale, before earnings this Q might be a good time.
thanks for the advice,
rhet0ric |
