One of the biggest bull chitter on this board? A guy going on CYCC @2.48, can't even evaluate the risk/reward!
Reward of holding a short position - When no news - 0-10 cents
Risk of holding a short position - SPA, partnership, buyout?? huh - 200%-300%-500% or 1000%??
There is so much money (trillions of $) are sitting on the sidelines. Look everyday, the mkt opens lower, but always closes higher than the previous day. Very resilient and the big companies are churning profit bigtime with international exposure, cost cutting, outsourcing, reduced cost of borrowings and an improving economic conditions.
If you are NOT long it is fine, but being short in this mkt is Suicidal.