First, thanks to all of you who sent me emails thanking me for my bearish stance when AKS was trading at $4.90. You have to be careful who you listen to, because most of the people here are basically trying to screw fellow shareholders. A true short seller just tells the truth, and more often than not, the short sellers argument is proven true over time.
Now let's get down to business! We've made a lot of money as this has been pushed down to $3.70. But let's keep going. With Goldman Sachs' support, we should be able to bring this stock down to $3. Keep selling! Good luck. And congratulations so far on your winnings.
You my friend have a different inverstment time horizon. i look 18 - 24 mths out and see this as a double. If it drops to 3 I will add more as my 24 mth outlook has not changed. now for you to double on your short it needs to go bankrupt, not impossible but highly improbable in this same time frame.
Nick, all dumb money think of stocks under $5 as a double, and all dumb money have no other choice but to think long term. I'm not saying you are dumb, but 2 years? Really? On another topic, your mathematics is quite off. I'm already more than double my money. I don't have to wait for bankruptcy. Seems you don't understand shorting and options.