I shorted at $18 and am proud of it. Someone said I should cover here in the $16 or I will "lose all my profits"
well this may go to $17 but does that mean I lost my shorting profits?? hec. no! It may go to even low-mid $17s for a time being, but that doesnt mean i lost my profits. how come??
because thats a DEAD CAT BOUNCE. when the temporary bounce is done and it rolls over back down to $16 and then $15 and then $14 next week, then I will cover...probably in mid $14s Dead Cat Bounces dont scare me people. I am covering at $14s next week. watch me