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NetApp, Inc. Message Board

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  • cray3040 cray3040 Nov 15, 2012 10:48 AM Flag

    Shorts are running scared!!!

    So I take it you like losing money....fair enough.

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    • Have you not watched some of these nice pop stocks this month. I got into wynn before earnings.... Now down from $112 to $105. I bought into HD before earnings and it had a nice pop. Now selling lower than before a great report. take you money and run... You can always buy in later more risk to go up than down with this stock right now, if the trend continues. I would like to thank you all for the nice pop in this today, who does not like a 10% gain, don't lose it.

      Sentiment: Strong Sell

    • Do you understand math? I shorted at 39 a few months ago and covered those shares at 30 and a few cents. Though I didn't hold that short position for the dip into the 20's, I took a profit. I re-shorted over 30 after the report. This morning I chose to replace those shares with a couple of puts and I covered the shares within pennies of where I'd reshorted. Thus, I am short now, but with a couple of puts for now and no stock in either direction.

      I'm taking the risk with a much smaller amount of money than I made when I shorted and covered the stock months ago. Remember, 39 is higher than 30 and as I wrote this morning I shorted at 39 (actually I added to that position with additional shorting at 37 and then covered all of it together around 30).

      Sentiment: Sell

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