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OSI Systems, Inc. Message Board

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  • bbandassoc bbandassoc Sep 28, 2012 7:00 AM Flag

    Taking a Short

    Yes, I closed it out just below $73. Not what I had hoped, but the lack of liquidity made it tough to close out at a good price and I don't hold long. I want to be in and out in hours or days, not weeks. Due to the lack of liquidity, I wasn't intending to trade this stock again, but I couldn't resist when it soared yesterday. So, I am back in with a short at $78.65 this time. I also took shorts end of last week on STI, SWK, WHR and GG that I covered Tuesday, but shorted again when they ran up yesterday. I can be wrong (and GG could be a really bad short given it's a gold miner and all of these stocks have been soaring and could keep soaring) and again these are trades, not investments, but I just think the economic data (like 13% decline in capital goods orders reported yesterday) has got to take something out of these stocks that are up 50% to 100%. Would enjoy hearing what others are trading. Long or short, we are all just trying to make a little money in a lousy economy for fixed income investing. Best of luck.

 
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