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Sealy Corporation Message Board

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  • ntsme2 ntsme2 Oct 1, 2009 4:29 PM Flag

    Maybe they are going bankrupt?

    If I recall, yesterday in another thread you said you were short the stock. Only reason I recall is being surprised shorting a stock that's already so low when there are many others with much greater profit potential.

    As stated by all, I too am concerned with the action but it could be it ran up too quick on a percentage basis and when the markets correct, the large % gainers get hit the hardest. Luckily, I got a little insurance and bought some real cheap $2.50 puts in case this happens because I can have crappy timing sometimes. The insurance may pay off this time.

    The puts are still cheap.