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Analog Devices, Inc. Message Board

  • bakedinalready bakedinalready Jan 15, 2013 4:16 PM Flag

    HLF Over $46 Today! Up Over $11 In Last Week

    Up $4 yesterday, and $2 more today.Incredible! It is going up in leaps and bounds. Massive short squeeze in the battle of the titans. Hedge fund against hedge fund. Billionaire against billionaire. If I was a billionaire, I would be on the beach of my own private island, not messing around trying to make more money. Don't know what drives these guys. They just can't ever get enough.

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    • Bake, nice call on HLF.

      But I don't know your called short BBY is a good one b/c I'm stuck in it for now. I'm losing money right now. I'm thinking to cover with some losses and move on.

      • 1 Reply to dannynguyen76
      • Yes, BBY has turned out to be a bad call so far. It dropped to $14.20 this morning. I would have covered then. However, in your favor is:volume today was 11 million shares, a big drop from yesterday's 19 million and Friday's 45 million. As volume drops, price should drop with it. It sometimes takes a week or two for a position like that to unwind. If it's tying up funds that you need for trading, I would dump the position on the next down day. This morning's weakness would have been the time to cover, but market reversal kind of messed up everything today. I still think it has a long way to fall, but that's irrelevant if your funds are tied up & you don't have time to wait. Remember, this started run up on Friday, so it's only been two trading days since then. Yesterday's low was $13.92, so that would have been an opportunity to cover too. I covered yesterday for a loss, as I needed those funds for other things, and was expecting a gap down. When I didn't get the gap, I covered. Yesterday, it was up 27 cents, so at least that trend has been broken on an up day today. If it moves up tomorrow on declining volume, I would cover immediately. The other alternative is to cover half your position, and wait on the other half. How many shares are you short?

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