If we see another down day on Monday, it will be yet another good time to short for the week. If we go below $27.75, I'll be shorting those same 5000 shares again.
Now lets see here if a stock goes from 6 to 26 can one make a lot of money shorting? I'm a bit comfused here. I thought that a short makes money when a stock goes down, not up!
Yes. But this stock does not only go up. It goes down too. And when it does, I short trade for 1-7 days. And when I have, I've made a ton of money. Just like I did last week, bozo.Good news is that ASCL will have many more down days then up days in the coming weeks!
He's either the luckiest gambler around or a lier. I'd bet on the later. He waits for a pause and then brags about shorting, the stock goes up again he claims to have covered, amazing!