made $1 on Monday when I sold - thought I got lucky because the options were not responding to the stock move and SINA could not break through the previous day's high - figured another mover lower, etc
today with the gap up those options traded above $17 - literally left ten times my tiny gain behind
makes me sick how stupid I am and how I get played by this stock friggin everytime
then again, I could have bought those same options with the sell off on Wed for what I sold them at
no matter what I do, it seems I get played the fool by SINA
btw I gave back Monday's gain and more with a short trade that blew up in my face yesterday
Everybody has something to regret for. But, every trade is a gamble, although an educated gamble. More mistakes will be made as long as we continue to trade the market. So, don't take it too seriously. I placed a limit order of 93.6 to sell my shares during regular hours yesterday. But, the price proved to be too high. Then, Google's good earnings let me sell SINA close to 95 afterhours yesterday. I wanted to buy SINA back today. I placed my limit orders at 89.5. Unfortunately, it didn't reach it although very, very close. I kicked myself for not placing the order at 89.6 or even 90. I'll look for some opportunities next week. Earnings season again, a lot of speculators are willing to buy stocks, so be careful shorting. Reserve your shorts until the earnings season is over.
Bill, feel your pain man, shorted 3K Sina when it was up 7.5% yesterday thinking it would eventually drop. Went from being down 10K to 20K, then to angry to sell and got my face ripped off covering some in the afterhours too. This is the reason this POS went up 20% yesterday. Short 250K worth, and they'll take your lunch money and your milk money too. No stock goes up 20%, unless your in the iPhone 4s. Sina, last I check wasn't in there. Manipulators. But I'll make it back over the next month or two. Learned a great lesson though.
been there; done that. market is like poker, got to expect some bad beats. you lose money - you are upset. you make money & stock still runs higher, you get upset. got to be happy with *any* gain.
last week I was shortting 4k of RIMM @ 24, covered at 23.50. It went to 23 and I got upset, so I tried to short some more, got burned and had to cover at 24. Since I wasn't satisfied with my 2k gain, I took a 2k loss instead :) lesson learned.