Goldfinger, you think you're pretty smart to have figured out that I'm short? How ever did you guess? Maybe you read my profile.
Well, Sherlock, I'm a professional short seller. Sometimes I win, sometimes I lose, but on average I win. To be honest, I don't know whether I will win or lose on SKYM. I just play the averages. On Thursday, SKYM was one of the best shorting opportunities I've seen lately.
BTW, you seem to have no clue about how the market works:
"If you paid any attention whatsoever to Level II the last 30 minutes of trading yesterday, you might have noticed that MMs were not selling any shares under 15, and were hitting the inside bid, accumulating around 13. If they were planning a dump Monday they would have established large short positions."
MMs make markets. They buy at the bid and sell at the ask, making a profit off the spread. They don't take and hold significant net positions, long or short. Further, they don't "plan" for the price to go up or down next week. They are reactive, changing their prices based on supply and demand. You must be a real beginner. |
