A week ago, I posted a similar thread on this forum. At that time, I bet on the long side and I made big money just within a week. Today, I bet on the other side - short side. As I said this morning, I shorted this stock from $9, $8.8, ... and bet it will go back to $5, $4.
Take a look at MTW, I have taken long positions on this one today. It is a way undervalued stock which has great short term/midterm up potenial. IMO
After a quick check, I think TBSI will go back to $10 in the midterm/long term. However, TBSI is in the similar sector as EXM, so why not hold EXM for the long term because EXM has a pretty good Div & Yield. IMO
BTW, I have locked all the profits on EXM in high 5's in the morning.
See you guys later,
Good Call; but that puke out to 6.00 was probably the bottom. I wouldn't be surprised to see this trade back to the high 6's low 7's before the day is out. Eventually, this stock is going higher . . . but the call activity at 7.50 for december has to be taken out . . . that's what you are seeing here now.
Greetings from Livonia. I have noted that you live in Grosse Pointe.
I have a question regarding EXM. I am in it for the "long haul". Would you recommend "dollar cost averaging" @ this point & purchasing additional shares in the low 6's?
I am inclined to hold off, uncertain how ugly it will become, should the Senate not come on board to provide aid for the once "Big Three".
I note that you sentiment is that 6 is probably a bottom. I am willing to put an additional 15k into EXM.
Thank you. Your input is appreciated.