A review of 'treetopflier's "insight":
Let's see, treetop, on Oct. 6, you said you shorted a full position. Closing price that day was $31 1/8. The lowest low since then was $27 7/8 (10/8), so at most you profited $3 1/4 (10%).
On October 7, your insight was "I expect to see LGTO in the low teens by this time next year, if not lower." We won't know about that for a year. Maybe you're right.
BUT in the past week: LGTO closed today at $42 1/4. By shorting on 10/6, you lost $10 7/8, or a whopping 36%. On the other hand, the poor long investor who bought at the very top, $56 3/16 on 9/23, is down $13 15/15 or just 25%.
Despite the fact that you "work with ALL these products, day in, day out", you still need to learn not to fight the trend. The MARKET is saying this is an up-trending stock. When LGTO's earnings beat street estimates today, the financials confirmed this fact.
I still think a short flier is going to pile into those treetops. If you haven't crashed yet, you've sure eaten a bunch of turbulence.
Tell us, Flier, did you ever pull that ripcord? You know, a prudent short might get $10 out of LGTO right now. A more skilled short would wait for $50 again before shorting and take out $18. But LGTO is _never_ a short at $31. And as far as the $teens go, LGTO is far more likely to gain $20 more from here than to lose $20.
Please share some more insights with us, treetopflier, when you're in a position to help us make some profit. We all can understand why you haven't been around for a week. |
