Bad news only get worse!
Shorted @ 27.50, watched it go down to 24.85 and covered @ 26.50. I don't feel so bad now it's at 31.50! What a wild ride today.
I got in @ $26 when it was falling. That was the 1st time since '09 I bought the stock.Too much panic, alot of opportunity for me. Worst case, I'll start buying insanely expensive puts and maybe create a synthetic put at that!
Production of a major manufacturing plant just went down with no way of knowing when it will be repaired.It doesn't get any worse than that.