Just a sweet reminder as I just love to see my account getting very fat thanks to shorting this falling stock.
I feel there is a plenty of time before I will start covering.
I have 21,170 sh shorted at 11.25 avrg. now 15-May-08 02:25 pm This pump won't last too long. I'm sure next earnings will put cold plug on this euforia. But I will benefir from this fake rise.
Sentiment : Strong Sell
I haven't been in this stock, but your tirades are making me want to buy it. Of course, I'll do my own research before making a decision. If I decide not to buy it here, I definitely won't short it here, after downgrade and shorters, and the low float, etc.. I have some energy stocks I should sell now, so I'll stay away from now. I'll review this after that, as I look for beaten down tech stocks.
It is tempting to cover as almost $30K in so far unrealized profit is siting in my account from this short position in just few days.
But I am greedy so I will cover lover than today's so far low of 9.80 because technicals are bearish and getting bearish each hour. When I feel this puppy is bottoming( as I did many times in past) I will go long again for double gain in the same trading range as usually.
With euro traders in the stock and beeing short there is a lot of security for small player like me. I made awesome money last 2-3 years in large because people like marrb2004,stearup or few others from their group because they honest and superior dead on opinions which always are based on the reality of the facts.
For now it is sell to me and I will cover lover than today's close later this week.
Hold on, it is too early to cover as you properly see what will happen. Stock will try( with our help) kiss 10 again and as soon as we have enough buyers in we will short more for get more. Pretty normal practice used all the time as poor retail will unfortunately never learn.
Great job and I told you guys in the Sunday's letter that you will have very pleasant "event" today to enjoy and shorting last two session was a must.
I am in very solid well above $50K of profit just this morning in this well expected bubble stock bursting today.
Super strong sell and enjoy as we tell you when we will cover, but it will be in very low price.
and again ,just to make it clear: crnt broke its major resitance formed 28/1 . it broke with a huge gap and big volume.
and now, go &get yourself a vaseline cuz your going to get it up your ass!
Amazing how the shorts come on here saying they are shorting this big volume rally, when actually they are scared out of their A**. and hoping you would fall pray to their stratagy so it would stop the pain they are having from new buyers coming in at this breakout. And if they are shorting, " IT MUST BE A GOOD THING TO DO" tactic.
3,830 sh were not sold short as the price was moving too fast and I took it off the board and hoping I will have another opportunity to finish this short position and wait for nice pullback to cash in on the greed and naivity of the retail investors.
It looks like you are very happy now as price is taking nice dive. But it was expected and this stock is well in overbought territory and strong correction is well expected so you will make a lot more money beeing short.