Hahaha, atleast 8 times out of 10 times you cover it heads lower. I covered some at $23.10 yesterday. My diabolical plan did not have me heavy into VXX until the end of April so we will see. I would like to build this position though...
Its funny how being short has you wishing the product will go higher so you can short MORE! ;)
Wes...are you covering and then going long? It has been working for me. Covered to soon Tuesday, but at a good profit non the less. I went long yesterday at 23 bucks. I will keep tight stop, but if it goes to 25 again I will sell and short again.
Yes I bought a lot of BBRY yesterday and sold it, I bought the same thing today at $13.00 plus 50% more and just sold 75% of that at $13.52 and $13.63. I still hold my core of BBRY plus a little more left over from today.