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Lindsay Corporation Message Board

  • fklanduch fklanduch Jun 18, 2008 6:05 PM Flag

    thoughts on covering

    anyone have any good thoughts on when to cover, I shorted at 124, i am thinking in the mid 80's. i was going to cover today but with significant trend down over the last two hours that continued into the close it made me fairly certain that this has more downside, just not sure how much. It seems you would be crazy to buy at this point, but I am nervous that shorts may keep covering and keep the stock elevated. I think short covering is what caused the pop up from 90 but I am interested to hear other thoughts. Anyone have a good reason why I should cover now? Is there a catalyst or bright side to the stock I am missing? anyone agree with waiting to cover till mid 80's?

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