Rico, I'd like to congratulate you for selling at 53. You did well. As far as where to from here? Your guess is as good as mine. It depends on one's objective.
If I wanted to invest in MALL for the long term, I would sell into the DCB rally tomorrow, and buy them back in a few months.
If I wanted to play the IPO and am currently long, I would sell into the DCB rally tomorrow, and stay neutral into the IPO. Take action after UBID debuts, most likely go short at that time.
If I wanted to play the IPO and am currently short, I would cover in the 30s and stay neutral going into the IPO. Take action after UBID debuts, most likely go short at that time.
If I had bought at higher prices and wanted to minimize my losses, I would sell into the DCB rally tomorrow.
If I had bought at lower prices, I would take my profits off the table tomorrow. (Should have done that last Friday)
If I wanted to short for the short term, I would short with no reservation at any price higher than 45.
If I wanted to short with a longer time horizon, I would short tomorrow.
That's what I think buddy. But as always, it's one man's opinion. And it's the opinion of a UBID bear.
Best of luck whatever you choose to do.
Regards,
Tom |
