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  • acuteguy121 acuteguy121 Feb 28, 2011 11:08 AM Flag

    sell and short?

    This pop will provide people to short and sell. I shorted@113.00
    will cover @ 95

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    • I shorted some on Friday at 130.67. I couldn't believe that there were shares available to short. I had tried many times earlier last week and none were available. Who is buying this stock on margin at 130+? It doesn't worry them that the last 2 times the market started to fall that this stock dropped 20% each time in the past 3 months? I am short SPG QQQ XLY and AGO as well.

      Disclosure
      Long SLV GLD UNL EUO

    • Stocks that continue to march ahead are not good short candidates. You won't make or lose a lot on this one, but I would not short this one. You'll wake up in the morning like today and see another REIT buyout and if it is PSA it will be for $130/sh. I'm short RST right now. I'm up about 10%, but looking for another bad report after the bell and a gap down. I shorted NTSI this morning also. Good luck. I'm long DGI going into their report tonight. We shall see.....

    • I just added more april 105 puts myself. I don't see any significant catalyst to push us higher with significant buying at these levels. Best risk/reward is on the downside i believe.

 
PSA
206.16-1.85(-0.89%)Aug 28 4:03 PMEDT