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  • sparsio1 sparsio1 May 4, 2007 5:04 PM Flag

    shorted 5000shares at 33.2

    I sold 150 July 30.00 calls bought @ .95 sold for 4.10.
    I would never have shorted as you claim you did @ 10:45 AM, just to nuts to believe,,,,,,,

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    • I am a day trader, normally I will not trade before 10AM even do not turn on my computer, do not check any news, do not look at the past chart patterns, take a look at the biggest gainers and losers, around 10~11 AM most hypes starts to peak, just read the high and low, then the quotes and gauge how crazy it is, that is the best time to short HYPEs, hate to short a biggest loser around that time, I would buy it. of course I use tight stop, otherwise the market will hurt you hard! never know what the herd will do.

      trading is just LUCK game, who knows why it dropped afternoon, my fisrt sense is it will drop hard if it starts to drop! LOVE it

 
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