extremely oversold conditions have this short lived rally. Fundamentals do matter in bear market. Follwing will definately breakdown & short pro's have lot of patience: VRTS CHKP CIEN like the rest BRCM,JNPR,SEBL.EMC, BRCD & so on ..... all the bad news but we still rally that is extremely oversold conditions.
10 years of economic growth & biggest bubble in equities created in wallstreet history & one should make sense out of this . When the bubbles burst ...they take down very good companies along with it. I am not emotional neither in love with my holdings , I act long or short on any of holdings depending on the situation. You would have protected your long position without selling your holding in VRTS..by short selling againgst your holding in the 150's or so & today you would have closed that position without touching your core holding & would be laughing to the bank. Use all the weapons available to you...that is wall street. Do you know what COllar is?
let me tell you something more..I had QCOM @$4.00 on split basis & sold it @$150 & than bought @$54 & sold @77 & now waiting to buy again. Now when you say your cost is $4.00 & you don't care than you are not doing justice to your self Pal. VRTS high was $172 & now @$66 ....rest you figure it out?To me VRTS will go to 30's first before it can go into 100's & that's my call...thank you for your concern though. Good Luck