Will do, Craig. Take a look at NDN. Went short (https://www.siliconinvestor.com/readmsg.aspx?msgid=5336419) at close to 42 (now 39.5) and think it will go down even if the market turns around. They had very strong growth for the past year or so (they haven't been public for long) because of a 25% annual increase in store openings. They didn't open any stores this quarter, as far as I know, and think earnings will be hurt. The stock doubled this year so it's more likely investors will parden their shares down to $35. It can go lower than that, but it'll be less attractive compared to other stocks.
I think DIS is more tied to the DOW (now down 268.53, or 3.15%, to 8254.82), so you're betting more on what the DOW will do for the next few weeks/days, which is hard to predict. I'll check DIS and see if it's worth to enter.
Thanks,
Marty
PS
I just went over your profile, advising to short ZITL and KTEL, which I agreed totaly (I don't know about the third). KTEL have gone down to a point where a short covering rally is more likely. ZITL can go down to $2. With all the hype that they had, I don't even want to count how many people got burned (and gained...). |
