Sold my March $50 calls at the peak. I really love the stock, but had to do it.
Well, I made some heard earned money on Zillow, but it was much more difficult than I anticipated. For long term traders, this is a great company and something good is going to happen. For short term traders, the finish was rather weak on high volume. The stock might consolidate. I am surprised at the resiliance of the shorts, those dirty bahsards!!! The majority of shorts didn't cover during this run up and we never had a major short squeeze like I thought. This means they are going to take it down again once weak shorts quit quit covering and longs quit buying. If it goes sideways for a few days, then starts going down, I think it has a chance to correct by 15% to 25%... And pretty quickly, in about 2 to 3 weeks time. And it will keep on swinging like this until the shorts finally cover, which could take months.