hank: I never said that my trades are only one-day long. If this was the case, I would have covered INCL on Friday while I was almost $2,225 ahead ( 9,000 shares X 1/4 profit ). I think this thing is going to ZERO, and it will not happen in one day, my dear friend.
Although, I prefer the shortest possible time-frame in a trade, I am still willing ( even more than willing) to stick to a great fat stock till I suck all the fat out towards my bank account. I found out from experience that money stuck to one stock for a further meager profit is a waste of time,efforts, profits, money and opportunities forgone.
Even if you prefer long trades, isn't it ideal to short high and cover low? The stocks I short are not broken and beaten ones, I like to short frauds, scams, and bad fundamental stocks at its prime peak.
Furthermore, trust me, my heart rarely beats on shorting because I usually get in the safe zone very quickly as I mostly short unreasonable high flyers with negative earnings and very bad fundamentals such as LEAP, UCMP, NVAR,ZITL,ENML,KRY (these are just few of latest past trades which are all covered now for fatter stocks) and now INCL.
Finally, with all due respect, What kind of a shorter are you when you belittle a point or 2 down??
If I get 1-2 points profits in a very short time on 9,000 shorted, I think it will be safe say that it was a big win to make almost $20,000 in 2-days work. Don't you agree?
Looking forward to your analysis of INCL
Thanks
Best Regards,
Mark
ps... please stick to the point (analysis) not to my trading style :)
jk <G> |
