Feel really good. I just finally got a new entry point. I have had to wait a few weeks for this pop to put on a short position again. I sold the June $240 calls today to dip my toe. If it pops in the morning, which I think it will, I will start shorting the shares again.
Guys like you and mytech have made a lot of money on the positive end, and my hat is off to you, as long as they are real trades and not paper trades. There are several of us shorts that have also made money, granted not as much.
What I don't understand is how a deal like this can move the needle so much. This deal should not account for a $900+ million dollar gain in market cap.Even if they added 3 million users as a result of this deal they would need them to pay for 33 months (just under three years to offset the increase in market cap. That's not even taking into account the costs associated with the content deal itself, churn, or any other costs associated with this.
I think the loss of content will cause them to lose more users then they will gain as a result of this deal. We obviously share different opinions, and that's what makes a market. One week you brag the next week shorts brag. As long as we both make money, that's all that counts.
greeneggs, you are not long and never have been. In fact, I think you are a fund manager or someone who works for one. Why so? Because a true long would not care one wit about the "pain of a short." A true long would care only that he made money. However, the fact that you do care about the pain of shorts proves that you (or whoever you work for) has an agenda to prove to the retail public that "Fundamentals don't matter," and therefore one needs a fund manager to make all of one's trades for you since only he knows the "inside scoop" on how to trade stocks properly. Does that about nail it on the head?