If you shorted WAG and are in red for the trade wait it out for the new year.....low liquidity, and year end. Revisions will come in January and december sales wont be positive, so be patient.
No....becareful here with overall market.
No shorting until market actually turns. Why is WAG up I am not sure, we have steady volume on the rise, meaning this is bought up.
If it pops over 35 and no volume then maybe for a quick scalp, if not stay away because even with bad news WAG has been rising.
WAG may be buying shares, let them buy first. We will be able to see depending on what happens with volume. Look at SHLD, when Eddie Lam. buys SHLD can shoot up in a heart beat.
I walked away and play gold and oil futures. Been very successful with that, let me know if you want to learn, I will teach.
1 oil contract is 1000 barrels of oil....1 dollar move is 1K.
Watch at night and you will see a trend...easy to scalp and make money daily.
OK, so it's been a while since CMX gave his sage financial advice (Hey Yank, I missed your beat down post to CMX over non-advisors providing financial advice, but I digress) to short WAG stock.
Let's take a look at how you would have done, if you listened. On the day CMX provided his advice, WAG stock opened at 33.13. It surged later that day, up to 33.98.
Now, nearly 3 months later, the stock sits at 34.63.
In between, I saw no messages to reverse course and change position from short to long, so I can only assume CMX wanted us to remain short.
Had you listened to this advice you potentially could have lost thousands, or tens of thousands or worse.
My advice to all who read this board is to use it for entertainment purposes, not financial guidance. Do your own homework, and make choices accordingly.
There's a reason Yank doesn't chastise CMX. I'll let the reader reach his/her own conclusion.
Oh, and above all, laugh at the nonsense posted.
CMX, care to eat crow? Of course you won't because Yank, er, CMX, never admits he's wrong.
JRAMP use think or swim software!
Start looking at FCX for the long term. Also, AAPL.
Milo still has the best strategy to deal with WAG tragedy by selling puts and covered calls. Short term (within 6 months)
Robb is right with a little longer term strategy being bearish. We still have announcements to be made from ESRX on success of new networks without WAG. If MHS leaves WAG, then expect another 10% hair cut.
6 to 12 months.
1 year down the line, WAG BOD will be under pressure to replace this regime and they will have to reenter into ESRX contract and may earn some of the lost business in the years to come....
I am at 32.4?....I should have waited until it hit close to 35 or over. Its hard to trade stock versus futures because of the manipulation. SHLD and SFLY (shutterfly) are also very good shorts, but it comes down to timing.
Until numbers come out WAG will trade around here, if I get low 32 I may bail and wait for 34 to short. WAG execs are doing a good job stating they will retain 99% of RX volume. Execs keep promoting WAG will be the future. Regardless of my short position, their jobs are on the line! If WAG fails to make this a positive situation, and eventually loses MHS and CMX business, WAG will be in the low 20s, and the CEO and his team will be long gone. Remember the wild card of WMT purchasing WAG if things get bad.
WAG is a tough short I let my emotions get the best of me. Its easier to trade and make money on other stocks!