Make that still one losing trade.
Bunch of deer in the headlights!!!
My money is already sitting back in my account.
Will re-short if it gets stupid again....You Ladies want to buy some more to help it get there???
Didn't lose a penny. MADE money. Did I leave some on the table?....YES!...I always do. Very rare for me to trade at the highest or lowest, but I do make money. Don't mind other people trying to get the most, just my style to get in and out with "some" profit than sit there like a deer in the headlights.
btw, I have NO position in this stock at all at this time.
I don't understand why you risk on a stock that is slowly trending up and just for a dime. A company that is getting in better position evey quarter...yes?..Why not risk on JCP that may even go bankrupt that is losing more money every quarter
I am trying to make $10.00 instead of a stupid dime and came close to making it at one point on BPT I short it every dividend...I also own it tho' ....I will cover in a few days as I do not like to short long...and one has to follow the shorting against the box rules.
I am a penny skimmer and a day treader. Know and care nothing about fundamentals. I am scared beyond scared on what could happen to smith and the stock price could rocket, so I short little tops and cover quick. Getting me to hang on for another day would be like trying to baptize a cat.
I do short other stocks, buy/sell CALLS and PUTS etc.
I just post my trades on here to get equity_360 in a tizzy (and capn). Besides, I think SWHC ngmt. are running a Ponzi scheme and sucking the profits out of the Company via Options.
Sort of rubs me the wrong way.
Pennies on thousands of shares adds up, especially if you do it in a matter of hours. While trying to make $10 takes much more time, and at a higher cost basis. So shorting a stock that cost 40 bucks vs. 11 bucks has different price points in regards to # of shares. Bottom line you can make the same amount of $.
Be careful of JCP short; was in one of their stores the other day and was shocked at how nice it was revamped. Think most of the bad news and earnings have been wrung out of the stock price.
Look at Sears. How the heck have they held on so long?
I was shorting them a long time ago and CEO pumped that like no tomorrow with mainstream media help of course. That is another store that is an empty shell, yet they play three card monte and cook the books so insiders can milk it for what it is worth.
I understand mccraiglist100 now.
New poser and with this post to boot:
mccraigslist100 mccraigslist100 • 12 hours ago
I have never shorted anything because I am scared. Not the best excuse. But I know for sure TSLA isn't worth what it's trading at right now. I just don't have the balls to short it or other stocks because the hypothetical infinite loss.
What? Nothing wrong with having a low risk tolerance and not being willing to short stocks. Your info is very misleading. How many years would you say out of the 162 was Smith and Wesson traded publicly? Let's see your answer. Don't get caught lying now.
So I saw all your reasons, but one thing about the company not paying a dividend in 162 years. This company wasn't publicly traded until 2001. Not paying a dividend in 12-13 years is alot different from not paying a dividend in 162 years.
Please do some more Due Diligence. SWHC sold out to the Clinton Gang when they went against the whole Firearm INDUSTRY in agreeing with proposals put out by the Clinton Admin. RESTRICTING 2nd Amendment Rights. At this time the were publicly traded.
They were so villified by gun owners and the rest of the Industry their sales went almost to ZERO. they were going to file Bankruptcy, but a Brittish Co. came in and took them private. They later did an IPO when people's memory faded of the bitter betrayal. That's how Smith and Wesson become Smith and Wesson Holding Corp. (SWHC)
I'm done educating you guys on simple due diligence that can be found with a simple Goog search.
Good luck. If you didn't really know the answer to your question already, you really shouldn't be in the stock market....and I say this in the kindest way. SWHC Insiders NEED new retail schmucks to be ignorant or uneducated on their dealings or History to buy the stock they sell in $Billion dollar amounts.
Long story short.....It appears you should go with one of the blue chips I mentioned earlier if you like to keep your money and you didn't know the answer to that question. This stock will spring one suprise after another on you. It is not a buy and hold, unless you hate money.