I stopped out twice today. Out for now. Too many idiots, but most of all, manipulation by Wall Street. They see low float, and big short position, so they squeeze it. Meanwhile 3 insiders have already reported big sales in the last 3 days. What does that tell you? If insiders are selling, everybody else should be too. But it will fall, and fall hard. I just hope I'm in for the fall. Meanwhile, easy money shorting RIMM & BTU today. Both got slaughtered.
And MBI was a nice day trade for me today. Now I am short VXX, so have to watch that tomorrow. If I see anything good tonight when I study my
Yahoo portfolio, I will post in the morning. I study every night, as this is a full time job for me. I don't have a "normal" job. I don't mean to clutter up the board, but I post my trades before hand, or in real time. No BS. If I'm wrong, I'm wrong. I was early on NFLX, especially last Thursday in AH. Got killed on that one. If it doesn't fall this week, it will fall next week. PE over 500!
Thanks. I'm out on NFLX for now. I'll might reshort around $175.
Keep me update in the morning. I have some juice now :).
Check out FB in AH.
Late Wednesday, Facebook said adjusted earnings for the fourth quarter were 17 cents a share, better than the 15 cents a share expected among analysts polled by FactSet. Revenue rose to $1.59 billion from $1.13 billion a year ago, higher than the consensus estimate of $1.51 billion for the most recent period.
Facebook’s net earnings were 64 million, or 3 cents a share, compared with $205 million or 14 cents a share for the year-earlier period.