I have small short position in WAC for short term investment considering over bought position. It seems like it has long term growth due to acquisition. However, I think for short term it does seem like going for correction for $1 or so. That's just my feeling, don't have concrete evidence to support it.
I was looking for some advise from experts here on what should be entry and exit signal for this stock. Housing is douple dip, should not cause this stock to go down? Let me know what you think I should keep eye on.
It is not a good idea to short a stock that has not shown the least indication of a top. I don't know at what price you entered into your short position, but would recommend you buy a good book on technical market analysis (aka charting) in order to give yourself another way to evaluate both short and long positions.