Bingo! That's the news that must have leaked out two days ago.
I had finally come to the same conclusion... but had not found an article or anything mentioning it, because I have been in meetings.
AND I have not been able to do any DD from here.
Just a question Tim... have you ever sold short, from a position that you own? If I thought CSCO was good long term, rather than run the risk of missing the run up, I'd sell short how ever many shares I owned. Then, when it looks like it has reached the bottom, and is starting to head back up, with a lot of secondaries moving up the ask, then buy to cover your short - and pocket the difference. I don't have access to good secondary info yet, but when I do.... look-out!
I think you have stated that you don't short normally, and I am really a novice at this, but I think that is the way to stay in the money all the time. That way, you can set you gap limits on a lot smaller increments, buy watching what the Level 2 guys are doing.
This is just a comment, since I shorted for the first time a couple of weeks ago, and I was glad I did.
But I would NEVER short uncovered in my core holdings... There is no need to risk that. I would short something if everyone else was, and we knew the risk was pretty small. Mr. Pink has a pretty good track record there, along with a lot of the others. I would not have done what Mark C did, unless I owned all of those companies. Sometimes the risk does not justify the reward.
Of course all of this IMO.
What do you think?
Jack |
