Guys quit making me bigger than I really am. I really don't have that much gut (but I am not going to belittle myself to say I don't have much balls). I go into short only once in a great while and I do so gingerly, but you have to agree that CAGC is a screaming short. After I covered last time, I would have shorted it again when it went back to above $27 and short it all the way to $15 or $15, if only I didn't need the money to buy puts on CAGC.
Ask Cool and he will tell you. The market may get irrational and goes to the extreme on either side but eventually it always go back to the normal state. By that argument, CAGC is going all the way down and YONG is coming back up. Well that's my dream and you guys had better hope it comes true so you can come to the open bar. (No hurling inside the bar please, and no hassling the barmaids.)
Ed- So this would be an example of a good time to short a stock? Borrow some shares at $25-$26 and then give them back under $20 and keep the profit? I'm not actually going to do this but just hypothetically speaking. Thanks!