SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Hua who wrote (30229)12/17/1998 1:40:00 AM
From: jach  Read Replies (1) of 164684
 
short strategy - SI - 12-16-98

Start with a few shares at the beginning and double the shares for every 20%(approximate) move up in the stock. Buy back all when the stock move down 20%.

Example

10 shares short at 100$
20 shares short at 120$
40 shares short at 144$
80 shares short at 172$

when the stock drop back to 144$, buy back all 150 shares

Note: ALL IMO, and at your own risk using it. Mathematically and theoritically it works as almost all stocks will come down 20% at one time or another. Especially more so for volatile stocks like AMZN.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext