SATH fighting for its life? Last time I checked, you had not added to your short, which I will give you was smart, but your first point of entry to short is in the hole $6 and change. Your "coverage" has cost your sheep some money short term, and the trend seems to be taking SATH higher, faster. Therefore, expect your flock to lose more tomorrow. You sure served them up to the internet wolf. Hope your sheep aren't getting too close to margin calls.
I am up $13. Others are up $18 or more. This short-term play was a no-brainer, but I won't discount the long-term until I see what the news is. Up to now, SATH has been doing well for themselves, and moving more to the internet will only add to their success.
Hopefully, some of your flock have learned something about this scenario.
I am getting content with my short-term play. Sometime tomorrow, I will take some off the table. I won't be a pig. If it rockets on Wednesday, I still have nice gains. I have learned to never look back; hindsight is always 20/20.
From Wednesday onward? It depends on the news. Still dangerous to short.
Good luck to all.
Mr. Miller |
