SHORTED at $124.50 AH last night and COVERED at $104.50 before I got to work !!! Yes $20.
Wow I could not have planned that better! I used cash but wish now I would have taken a full position. Well no reason to be a pig. Well not exactly ... I shorted at $105 later ... my goal is a dip to $96 tomorrow but as long as I do not give any back I a happy.
looks like a lot of dilution here for nothing. GMCR had 260million in cash and had no need for more cash so this will drive the share price down in the long run as they can not use the cash for anything.
Thanks! I think it was my best trade not including options a few years ago.
It was kinda a lucky find but I did pull the trigger quickly to get the $124.50. I thought that would never hold but it was still risky so I used cash in case it soared more. I could have made double the money had I been more confident to use margin too.