I guess my cover was the last trade of the day. Can't believe this stock, it was much stronger than I thought. Dan I give you a lot of credit for choosing this. I will look to short it again at 13.6 area
It was 12:58 and my sell order hand't been executed, and I must confess i was getting very nervous. I changed my cover order from 13.01 to 13.13 and prayed that it hit my target, and thank god it did, what a relief! Its because i never want to keep short/long overnight in this scary bubbled market.
With GTN, there's always the risk of waking up in morning and seeing your short/long position losing 10% or more, so always want to avoid that at all costs.
Dan, i hate shorting stocks too since you can only make money when someone loses. But what can I do in this bubbled market? The only way I justify my shorts morally is this: I only short stocks with 300% gain or more and hope to make money when others take profits and leave something at the table for me.
Good trade today. Made a quick $11K+/- it looks like. I'm still holding and may wish I had sold but this puppy has been super strong today. I still think we have another big news day coming out with another acquisition or merger. I too was watching the patterns today. At the close we dropped 15-20 cents on virtually no sellers. I decided to hold for that reason. Looked like we were going to pop to $13.20 again several times near the close but a few hundred shares would drop us a penny or two. I think we may well break $13.50 tomorrow. DaninFW