This is a great short above $92. Present price is a real gift. I still have confidence my $85, 87.50 and $90 Feb puts will come around. Getting in now could be a very healthy 300-500% gain for those brave (or dumb?) enough to fight the trend. At the moment, my rear end is getting handed to me. Only time will tell. This will surely see the low $70's before it sees a new 52 week high, right?
Great call....brave one too....I personally have held (a strong postion) through the decline and am looking to start buying again if we can test the 52-week lows. If it goes through the lows I am still a buyer but will look to see where the knife lands....while buying small lots on the way down. Good Luck...I wonder the level 'real' shorts are looking for (b/c lets face it....most of the shorts on yahoo are angry ex-longs or people looking to get long)???