You can't be serious that you are short WDC! A debt free company with increasing earnings and a bull rally to boot. You are going to lose a lot of money in your trading career using parameters like that. Never, and I mean never, short a company with great earnings first of all. There are so many other companies out there just hanging on by a thread, no earnings, ripe for a short sale.
Hi, thanks for the concern about my trading career. Surprisingly to more than one person, I've been trading for many many years and have even made a dollar or two! LOL! Seriously, I think WDC has great looking financials, even more impressive management, and is humming right along. The short is based strictly on some indicators I use which signal that WDC has gotten a bit ahead of itself valuation-wise. It is strictly a short term position and not meant to carry into earnings come July.
Maybe I'm right, maybe I'm wrong. I'll see. I did notice today that there were a couple of analyst comments on the wire, suggesting just what I saw last Friday when I put the short on, that being WDC is due for a bit of pullback after an impressive and fast run.
BTW, did you look at the surge in WDC insider selling in the last month?