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R.D., I am going for the hat trick. This is my third short at EGRP, the first two worked out fine as you can see from my prior posts. On my last short, I had a trailing stop against a 10 point profit I had in the stock and ended up only making a few points gain ( see my post 5676) when the stop was hit. Granted, I would have made 7 times the money playing this stock from the long side like ecommerceman but I did not have the comfort factor to play it that way. The only time I was bullish on EGRP was extremely short term (a few hours) when we had our closes above 10,000. Anyway, the discipline of having a stop while working a short cannot be said enough. If you short, you must have a hard stop, or have calls against the short. As far as the hat trick, I am going to try fading this awesome freight train again just till the close today. I am a seller at 94 risking 95 1/2, looking for lower, but with no specific price in mind. I will be out by the close. |
