Well, it looks like Monday will be an interesting day for ROOM.
Yoda's prediction is that it will either go up or down, depending on the number of sellers vs. buyers. Of course, I could be wrong....
I'll be on the sidelines this week...gotta go to Thailand 'till Friday.
Tried to book my hotel in Bangkok through ROOM, but their price was the same as I found on the hotel's website. It appears that they only have good deals on a select few international loactaions right now. The rest seem to be the normal prices quoted to everyone.
I'm holding my short in FS while I'm gone. The rest is in cash or long on ATT (boring, but it makes sleeping on the plane easier).
Yoda, first of you need to account for the difference in style, yours and mine, what ever they might be.
Secondly, the other way to look at 2 3/4 points is to say that it went up by 7% on the day when NASDAQ was down 70 points. It went up on high volume, FOR THE FIRST TIME. It broke its all time high. !!!!It broke it's trading pattern and THAT what made it worth looking at!!!!
Thirdly, I never said it became a COMPELLING short. I said IF it has another up day on Monday I'll short.
What I'd be watching on Monday would be the volume and the points gained (if any). I might not short. If I do I'll let you know.
Now you also need to look at the overall market. I have to find short opportunities, along with the long ones, somewhere.
I normally short run away crap like DSLN, CRDS, etc. Fuell Cells are interesting again but they have all the earmarks of genomics which makes them scary.
When NASDAQ is at 3800 we are in between the opportunities. I don't see compelling longs and I don't see screaming shorts.
Give me another 100 points down, in NASDAQ, and I'll start nibbling some longs. Give me pre-holiday frenzy and I'll be shorting like mad. Did you see the sudden advance in B2Cs a week or so ago? Well none of them reached $5, otherwise I would have shorted and HELD.
It's the dull state of the market that makes me look at things like ROOM.
Now, should I short this one I'd be looking for scalping not for a strategic short.
P.S. Last might I ate too much of chokolatte candies and I couldn't sleep. I am assuming that provoked my hostile mannerism and contrarian statements. I think I just wanted to spite somebody and you came handy. Sorry. Kinda.
How the hell could you possibly short 10,000 shares? How in the world can you possibly cover?
You would take the price up by $4-5 per share if you believe Level II.
I've been shorting fuel cells. Covered all, made money in every single of my 5 positions. I understand WHY I was shorting highly liquid, highly visible, highly hyped, highly unprofitable, theme-rally crap. I understand WHY it was "safe" to average up.
I still don't understand why anyone wants to short ROOM. It doesn't matter what it is and how it's valued. It is simply an uncompeling short. It's also an uncompelling long.
I missed the fuel cells, but I did make some money playing NITE both ways yesterday.
I mentioned FS last week, and it finally started to pay off today.
momma's right about ROOM, it's best to avoid either long or short. However, it's become somewhat of a hobby for me lately. In all, I'm down about 10% in it, and I added to my short position yesterday. I still think it's headed for a big fall. If not, I can always use a good lesson :)
An interesting (very)long position is CHIC. Should pay off nicely someday.
ROOM, you need to be patient, and be prepared to add to your position.
ROOM is going to fall hard one of these days.
Take a look at the chart- it's strating to slow the upward momentum.
I hold a token short position in KREM (I'm in somewhere around 87). Once again, patience will payoff. KREM will fall hard once the selling begins. Right now, it's like a standoff between longs and shorts. Very interesting to watch.